From P2P Foundation

Definition

From the Wikipedia at http://en.wikipedia.org/wiki/Local_currency

"In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area. These currencies are also referred to as community currency. They encompass a wide range of forms, both physically and financially, and often are associated with a particular economic discourse." (http://en.wikipedia.org/wiki/Local_currency)

Examples

• E.F Schumacher Society Local Currency Library, http://www.smallisbeautiful.org/local_currencies.html
• Complementary Currency Systems and Local Exchange Networks, http://www.transaction.net/money/community/index.html
• Local and Interest-Free or Alternative Currencies, Social Credit and Microcredit, http://www.ex.ac.uk/~RDavies/arian/local.html
• Ithaca Hours, Local Currency in Ithaca, NY, http://www.ithacahours.org/
• The Burlington Currency Project – Local Currency in Burlington, Vermont, http://www.burlingtoncurrency.org/