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Mutual Credit System

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Administrator Information
Name Christoph Hensch
E-mail Address
Position / Job Title Committee Member
First Language English
Organization H.A.N.D.S.
Organization Type Community-Based Organization (Unregistered)
URL Address
Currency System Information
Status Operating
Year the System was Started 1989
Community Takaka
Country New Zealand
Medium of Exchange Accounts + Notes
Unit of Value Units of National Currency Equivalent
Valuation Non-Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Account Administration Fee
  2. Account Opening / Joining Fee
Source of Funding External Funding
Purpose for Establishing System Community Development
Size of Membership 250
Population of Area Served by System 4,500
Estimated Yearly Operating Budget Internal Currency: 4,800
National Currency: 200 NZD (156 USD)
Yearly Volume of Trade Internal Currency: 50,000
National Currency: 50,000 NZD (39,065 USD)
Additional Information

no statistics exist about the yearly trading volume. Also there are no stats on main goods and services traded. There are almost 500 items listed in our local directory.

Images Gallery
H.A.N.D.S. Exchange Voucher - Front

H.A.N.D.S. Exchange Voucher - Front
H.A.N.D.S. exchange vouchers can be withdrawn from a member's account and then used to trade. The use of the vouchers is complementary to the online CES accounting system, and to the original means of recording trades on paper transaction slips.

H.A.N.D.S. Exchange Voucher - Rear

H.A.N.D.S. Exchange Voucher - Rear

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