World Policy Journal's Summer 2014 issue, "Change Matters," examines the intricacies of new, alternative, and historic forms of currency. Our feature "Anatomy: What is Alternative Currency" delves into alternative currencies and their increasing importance in the global economy.
Alternative currency is a privately developed form of money that is used as a substitute to national currency in designated areas. It is not regulated by national governments or banks. The goal with these currencies is to promote the idea of spending locally. By keeping the currency within the designated area, the local economy is able to prosper regardless of the state of the national economy. This enables communities to establish local markets that are less affected by national trends.
The following World Policy Journal infographic, based on our Summer 2014 Anatomy, examines the chiemgauer, Brixton pound, sardex, and the dam.
Click here to see the Piktochart.
For more information please see our Summer 2014 Anatomy.
Infographic produced by Sarah Lipkis, editorial assistant at World Policy Journal.
[Photo courtesy of Flickr/epsos.de]