Local Currencies Flourishing Amid Recession

Local currencies are seeing a resurgence in American communities.
August 12, 2009, 7am PDT | Nate Berg
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The local currencies are gaining popularity during this recession as a way to preserve local economies and support local businesses.

"Last popularized during the Great Depression, scrip, or locally created stand-ins for U.S. currency, is making a comeback. Pittsboro, population 2,500, is one of a handful of communities that launched its own money in recent months. It reports an avalanche of calls from other communities that have lost faith in the global financial system."

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Published on Tuesday, August 11, 2009 in Los Angeles Times
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