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Göteborgs LETS
Local Exchange Trading System (LETS)

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Administrator Information
Name Viktor Jonsson
E-mail Address kassor@lets.nu
Position / Job Title Board member/admin
First Language English
Organization Göteborgs LETS
Organization Type Non-Government Organization (Registered)
URL Address www.lets.nu
Currency System Information
Status Operating
Year the System was Started 2002
Community Göteborg
City / Urban Area Göteborg
Country Sweden
E-mail Address info@lets.nu
Medium of Exchange Electronic Transaction
Unit of Value Units of National Currency Equivalent
Valuation Non-Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Transaction Fee
  2. Annual Fee (12 months)
Source of Funding Internal Currency Charges
Purpose for Establishing System All reasons
Size of Membership 60
Population of Area Served by System 1
Estimated Yearly Operating Budget National Currency: 2,000 SEK (296 USD)
Main Goods and Services Traded
  1. All kinds
Additional Information

Additionally we have a system of bills that members may withdraw from their electronic accounts,from listed shops/members.

We are working on additional motors for the system. One is a shop member shop for a cooperative that accepts lets and gives lets members the possibility to sell new products in lets, all or partly.

The second motor is a new building cooperative that integrates lets and gives people work for lets, and gives them the possiblity to rent for lets. Housing, food and necessities will boost the lets market. That is our expectations, but the work is a long time procedure.

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