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Community Exchange System
Community Exchange System

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Administrator Information
Name Tim Jenkin
E-mail Address info@community-exchange.org
Position / Job Title Board Member
First Language English
Organization Community Exchange System (CES)
Organization Type Non-Government Organization (Registered)
URL Address www.community-exchange.org
Currency System Information
Status Operating
Year the System was Started 2003
Community International
City / Urban Area All
Country South Africa
Medium of Exchange Electronic Transaction
Unit of Value Units of National Currency Equivalent + Time
Valuation Non-Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Percentage levy on transactions
Source of Funding Internal Currency Charges
Purpose for Establishing System All reasons
Size of Membership 26,871
Population of Area Served by System 2,147,483,647
Estimated Yearly Operating Budget Internal Currency: 50,000
Yearly Volume of Trade Internal Currency: 5,000,000
National Currency: 5,000,000 ZAR (717,500 USD)
Main Goods and Services Traded
  1. All
Additional Information

The Community Exchange System (CES) is a global network of alternative exchange systems, operating on mutual credit principles. Currently (March 2012) there are over 395 exchanges in 43 countries in the Community Exchange Network. Many of these are timebanks, some with the hour as their unit of value; others with the minute. Although the system is internet based, it works for those without computers through a system of 'branches' and local area co-ordinators. All exchanges can trade with each other and credits earned in one area can be spent in another. LETS-style and timebank groups are invited to join the CES network and become part of an expanding, global 'new money' system. The CES has seen phenomenal growth in recent years, particularly since the start of the global financial crisis in 2008.

Images Gallery
Khayelitsha

Khayelitsha 'bankers'
Three of our 'bankers' from Khayelitsha with their manager. Khayelitsha is a former apartheid township. It is a deprived area with large informal housing areas. The 'bankers' allow a largely computerless community to interface with an electronic system. They also provide broking services to match wants with offerings.

 
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