Online Database of Complementary Currency Systems Worldwide


Complementary Currency Systems - Details

[group]Country
[text]t_ref,,United Kingdom[text] ([text]t_ref,,Local Exchange Trading System (LETS)[text])

New Moray LETS

[text]t_ref,,Administrator Information[text]
[text]t_ref,,Name[text]Stewart Noble
[text]t_ref,,E-mail Address[text]Info@Newmoraylets.org.uk
[text]t_ref,,Position / Job Title[text]Founder
[text]t_ref,,First Language[text][text]t_ref,,English[text]
[text]t_ref,,Organization[text]New Moray LETS
[text]t_ref,,Type[text][text]t_ref,,Community-Based Organization (Unregistered)[text]
[text]t_ref,,URL Address[text]www.newmoraylets.org.uk
[text]t_ref,,Exchange System Information[text]
[text]t_ref,,Status[text][text]t_ref,,Operating[text]
[text]t_ref,,Community[text]Moray
[text]t_ref,,City / Urban Area[text]Forres
[text]t_ref,,Medium of Exchange[text][text]t_ref,,Accounts[text]
[text]t_ref,,Unit of Value[text][text]t_ref,,Units of National Currency Equivalent[text]
[text]t_ref,,Valuation[text][text]t_ref,,Non-Contract Agreement to Accept Currency[text]
[text]t_ref,,Cost-Recovery Mechanism[text]
  1. [text]t_ref,,Account Opening / Joining Fee[text]
  2. [text]t_ref,,Quarterly Fee (3 months)[text]
[text]t_ref,,Purpose for Establishing System[text][text]t_ref,,All reasons[text]
[text]t_ref,,Year the System was Started[text]1997
[text]t_ref,,Size of Membership[text]400
[text]t_ref,,Population of Area Served by System[text]10,000
[text]t_ref,,Estimated Yearly Operating Budget[text]

[text]t_ref,,Internal Currency[text]: 5,000

[text]t_ref,,National Currency[text]: 300 GBP (605 [data]d_ref,,MAIN_CURR[data])

[text]t_ref,,Yearly Volume of Trade[text]

[text]t_ref,,Internal Currency[text]: 150,000

[text]t_ref,,Main Goods and Services Traded[text]
  1. Food (28520L over 8 years)
  2. Therapies (23877over 8 years)
  3. Gardening (22051 over 8 years)
[text]t_ref,,Additional Information[text]

The largest LETS in the UK - 3 editions. System designed on the 'LETSAM' model. Members must zero account before it can be closed. No bad debts in 8 year history. Expanding exchange limits based on turnover. (10% of turnover). Coperative pay rates to core group and workers on the system. A member of The Community Exchange Network for inter-trading globally.

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