Local Currencies Flourishing Amid Recession

Local currencies are seeing a resurgence in American communities.

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."

Full Story: Local currencies cash in on recession

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