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Establishing Time Based Community Currencies: Means of Measure, Exchange and Storage

Stephan Hawranick Serra, March 2006

To download : PDF (340 KiB)

Summary :

In the search for operative, sustainable and complementary currencies and the

methods of applying them in the real world, many discussions have occurred over the years on the IJCCR discussion website. This article proposes a perspective from an architect’s point of view when applying the use of time based currencies to the urban habitat and environment, and to the provision of basic needs within its communities especially for those unable to afford them due to the reduced provisions by governing bodies, and the higher costs to these and/or to those willing to acquire them independently from the privatized substitutes.

The challenge becomes how to make the provision of these basic human, social and urban needs equitably accessible and co-operatively plentiful for the communities as well as worthwhile and competitive for investors. Too often the existing or proposed solutions are relegated to the world of charities and NGO associations and do not become interesting to the powers-that-be except out of a sense of personal, or corporate, moral obligation or social commitment.

Thus, for a time currency to serve as « money » in the purchase of these basics, three simultaneous and non-contradictory roles are demanded of it: « it must function as a means to a) measure costs, b) foment exchanges and c) record transactions (a). »

This article tackles these issues and invites debate on the positions taken.

Sources :

International Journal of Community Currency Research. Vol 10, pp56-67

Complementary Currency Resource Center: CC Library