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Falmouth LETS
Local Exchange Trading System (LETS)

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Administrator Information
Name Rob Follett
E-mail Address
First Language English
Organization Falmouth LETS
Organization Type Community-Based Organization (Unregistered)
URL Address
Currency System Information
Status Operating
Year the System was Started 1993
Community Falmouth (10 mile radius)
City / Urban Area Falmouth
Country United Kingdom
Medium of Exchange Electronic Transaction using LE UK software
Unit of Value Units of National Currency Equivalent + Time
Valuation Non-Contract Agreement to Exchange Services
Cost-Recovery Mechanism
  1. Account Opening / Joining Fee
Source of Funding Internal Currency Charges
Purpose for Establishing System All reasons
Size of Membership 64
Estimated Yearly Operating Budget Internal Currency: 200
National Currency: 10 GBP (20 USD)
Main Goods and Services Traded
  1. therapies
  2. transport
  3. gardening
Additional Information

Falmouth LETS has been running Local Exchange UK ver 1.0 since Dec 2008 to enable members to trade direct on line. See for further details of the free open source software.

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