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RES - Hét andere Geld!
Valuable Local Currency (VLC)

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Administrator Information
Name Walther Smets
E-mail Address walther.smets@res.be
Position / Job Title Gedelegeerd Bestuurder
First Language Dutch
Second Language French
Organization RES - Hét andere Geld!
Organization Type Cooperative Organization
URL Address www.res.be
Currency System Information
Status Operating
Year the System was Started 1996
Community JA
City / Urban Area Leuven
Country Belgium
Medium of Exchange Smart Card
Unit of Value Units of National Currency Equivalent
Valuation Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Transaction Fee
  2. Annual Fee (12 months)
  3. Account Opening / Joining Fee
Source of Funding External Currency Charges
Purpose for Establishing System Micro / Small / Medium Enterprise Development
Size of Membership 4,500
Population of Area Served by System 10,000,000
Estimated Yearly Operating Budget Internal Currency: 1,500,000
National Currency: 2,000,000 EUR (2,725,400 USD)
Yearly Volume of Trade Internal Currency: 35,000,000
National Currency: 35,000,000 EUR (47,694,500 USD)
Additional Information

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