Online Database of Complementary Currency Systems Worldwide

Bega Valley LETS
Local Exchange Trading System (LETS)

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Administrator Information
Name Kym Mogridge
E-mail Address
Position / Job Title IT person
First Language English
Second Language English
Organization Bega Valley LETS
Organization Type Community-Based Organization (Unregistered)
URL Address
Currency System Information
Status Operating
Year the System was Started 1989
Community Sth East NSW
City / Urban Area BEGA
Country Australia
Medium of Exchange Electronic Transaction using CES Software
Unit of Value Units of National Currency Equivalent
Valuation Convertible for National Currency
Cost-Recovery Mechanism
  1. Account Opening / Joining Fee
  2. Annual Fee (12 months)
Source of Funding External Currency Charges
Purpose for Establishing System All reasons
Size of Membership 180
Population of Area Served by System 50,000
Estimated Yearly Operating Budget Internal Currency: 5,000
National Currency: 3,000 AUD (2,580 USD)
Yearly Volume of Trade Internal Currency: 200,000
Main Goods and Services Traded
  1. Labour
  2. Alternative Health Services
  3. Working Bees
Additional Information

Founded in 1989, the Bega Valley Local Employment Trading System (BVLets) is one of a worldwide network of alternative trading systems. Based on the Far South Coast of NSW, Australia, the BVLets member community exchanges a wide variety of goods and services every year.

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