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Valuable Local Currency (VLC)

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Administrator Information
Name Grayson Goldsmith
E-mail Address
Position / Job Title Volunteer
First Language English
Organization Findhorn Foundation
Organization Type Cooperative Organization
URL Address
Currency System Information
Status Operating
Year the System was Started 2002
Community Findhorn Ecovillage
Country Scotland
Medium of Exchange Notes / Bills
Unit of Value Units of National Currency Equivalent
Valuation Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. FREE - No Charge
  2. Interest on loans in national currency
Source of Funding No Funding
Purpose for Establishing System See Additional Information
Size of Membership 250
Population of Area Served by System 750
Estimated Yearly Operating Budget National Currency: 100 GBP (175 USD)
Yearly Volume of Trade Internal Currency: 80,000
Main Goods and Services Traded
  1. Any
Additional Information

1. To provide low cost financing for new projects through low interest loans and surpluses generated by the currency project itself.
2. To enable existing businesses to make savings on bank charges (surprisingly perhaps, this benefit may outweigh the value of the low cost financing), and to stimulate trade amongst community business, residents and visitors.
3. To promote these businesses and projects, and the Ecovillage in general as a place of innovation and sustainable economy
4. To inspire both guests and residents with the demonstration value of a locally based currency, and to get the users thinking about how and where they spend their money.
5. To create gift capital for local projects.
(Taken directly from website)

Images Gallery
Findhorn Ecovillage Eko

Findhorn Ecovillage Eko
Sample Bills

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