Active Local Currencies

United States of America




Tuscon Time Traders

Currency Type: Timebank

First Issued: 2012

Description and Background: A Timebank is a group of people who trade an hour of work for an hour of work - everyone's time is valued equally.  The hours are recorded in the timebank software so we can trade them around the timebank community.  Timebanking is a great way for people to exchange assistance and help build healthy communities.






Bay Bucks


Region: San Francisco

Currency Type: Barter Network/LETS

First Issued: November 2012

Description and Background: A mutual credit system barter exchange intended for local businesses, Bay Bucks also plans to extend it services to local residents once we it reaches 2,000 business members.

Circulation and Participation: Bay Bucks are currently used by 200 San Francisco businesses.

Founders: Chong Kee Tan and Kendra Shanley




Davis Dollars


Region: Davis

Currency Type: Community currency

First Issued: April 2010

Description and Background: A community currency circulated around Davis, CA, intended to "help stimulate a local economy by 'unlocking' goods and services that could be bought and sold by community members, but which aren’t supplied or demanded by the US Dollar economy."

Circulation and Participation: Davis Dollars are used by over 160 business in Davis.

Founders: Nicholas Berry






Region: Fairfax

Description and Background: Fairbucks are issued in 3 dollars trade tokens.

Circulation and Participation: There are currently $12,000 dollars worth of Fairbucks circulating, and 30 business participating






Mountain HOURS


Region: Breckenridge

Currency Type: HOURS

Description and Background: Mountain Hours were based on Ithaca HOURS and issued in denominations of one tenth, half, one and two HOURS, valued at $1.00, $5.00, $10.00 and $20.00, respectively.  Mountian HOURS are injected into the local economy by being issued to businesses when they first agree to accept the currency.

Circulation and Participation: There is now roughly 4,000 HOURS ($40,000) in circulation and 100 businesses which accept the currency.

Founders: Steven Rockne








Region: Washington D.C.

Currency Type: Local Scrip

First Issued: May 2009

Description and Background: Potomacs are a local currency that circulates in the National Capital region of the United States. They were introduced informally in early 2009 at a series of community swap meets called Potomac Potlatches and launched May 3, 2009 by EcolocityDC at the Forum on Faith, Economy & Ecology organized by the Maryknoll Office for Global Concerns.  They are modeled after BerkShares and are issued in 1, 5, 10 and 20 Potomac denominations.

Circulation and Participation: As to date, 2,402 Potomacs have been issued.  At the height of the program, twelve businesses and a local farmers market accepted the notes as legal tender.

Founder: Larry Chang




Anacostia HOURS


Region: Washington D.C./ Route 1 Corridor in Prince George's County

Currency Type: HOURS

First Issued: Late 2006

Description and Background: Mean to serv both the Washington D.C. metropolitan area and the Route 1 Corridor in Prince George's County, Anacostia HOURS were founded in late 2006 as a reponse to the growing local currency movement in the nation.  Anacostia HOURS are modeled after Ithaca HOURS, with denominations of one, half , and quarter HOURS, valued at $10,00, $5.00, and $2.50, respectively.

Circulation and Participation: Not Reported

Founder: Sayuri Miyazake


Website: Under Construction






Region: Baltimore

Currency Type: Local Scrip

First Issued: April 2011

Description and Background: Michael Rigby and Jeff Dicken started working on the BNote in early 2010 as a response to the economic crisis and growing wealth inequality. Dicken provided much of the work and initial vision, naming the currency, combining strong elements from existing local currencies to create the BNote system, and directing the course of the project through 2010. The Baltimore neighborhood of Hampden was chosen as the first area for implementation since it provided many of the features that are strongly conducive to the adoption of local currency: relative geographic isolation, many small, independent merchants, strong community spirit, and significant inflow of new residents, particularly students and artists.  However, it quickly became clear that to have a real effect, the BNote would have to become a city-wide payment system.  In one year, the planning team led by Dicken took the BNote from its initial form to a fully functioning local currency.  A Kickstarter fundraiser was held to raise the funds needed to print the currency, and the printing was brokered out to two small Baltimore print shops in advance of the launch.
With 55 businesses from many Baltimore communities pledging to accept BNotes, the currency was launched on April 17, 2011 at a joint event with the Baltimore Free Farm called “Localize It!”  By the end of the first day, over 2,600 BNotes were in circulation.  On July 7, 2011, the BNote network reached 100 businesses, and over 10,000 had been exchanged for dollars.  By April 2013, the BNote network had grown to 200 businesses.  A second series of BNotes, including BN10s and BN20s, was planned for 2014.

Circulation and Participation: Over 40,000 BNotes have been exchanged for and roughly 34,000 circulate on a regular business.  As of now, 220 businesses accept BNotes.

Founders: Jeff Dicken, Julie Gouldener, Katie Igrec Lima, Jack Arnold, Michael B. Marks, Ph.D., Ian Patrick MacDonald, Damien Nichols and Jason Taft








Region: Berkshire County

Currency Type: Local Scrip

First Issued: September 2006

Description and Background: BerkShares are a paper currency printed in denominations of 1, 5, 10, 20, and 50 and are traded in the Southern Berkshire region of Massachusetts. They are distributed by local banks and are backed by federal dollars. They are purchased at $0.95 per BerkShare from the bank, spent at a value of $1 per BerkShare with participating individuals or businesses, and traded back for federal currency at $0.95 per BerkShare, providing a financial incentive for both individuals to get and spend them in the first place and for someone who has recieved BerkShares in a transaction to spend them again rather than return them for federal currency.

Circulation and Participation: Approximately 400 regional businesses are formally participating and an additional 200 accept BerkShares on occassion. A total of 4.3 million BerkShares have been issued through local banks, with 7 branches of 4 local banks continuing to do so.  Approximately 150,000 BerkShares are currently in circulation.

Founders: Susan Witt, Eric Harris-Braun, Chris Lindstrom




Boston Bean


Region: Jamaica Plain

Currency Type: Customer Loyalty Scrip

First Issued: Holiday Season 2012

Description and Background: The Boston Bean was launched during the 2012 Holiday Season as a way to promote local spending.  The currency worked as a $5 voucher that consumers could use at participating local businesses.  The organization that issued the Boston Bean is now working on setting up a “robust time bank” in the area and hoping to use the Bean as a link between the bank, businesses and consumers.

Circulation and Participation: Not Reported

Founders: Orion Kriegman




Cape Ann Dollars


Region: Gloucester

Currency Type: TimeBank

First Issued:  2006

Description and Background: Cape Ann Dollars were launched in 2006 the founding members learned about TimeBanks USA and wanted to create a tool by which the community members of the Gloucester area could create a strong, insular economy.  Cape Ann Dollars are time backed, meaning that 1 CAD = 1 hour.  Everyone’s time is valued equally and participating members can pay each other for services in their time.

Circulation and Participation: Currently, around 200 people participate in the program.

Founders: Mark McDonough, Nancy Goodman and Cheryl Davis






Shire Silver


Region: Manchester

Currency Type: Commodity Backed

Description and Background: Shire Silver was started as a reaction to the raid that effectively shut down the Liberty Dollar organization by building a model that could be used to allow a decentralized production and distribution system, returning the power to make money to the people.  Shire Silver uses small plastic cards with varying amounts of gold and silver embedded within them, valuing from $1 to $40.

Circulation and Participation: So far, more than $50,000 worth of Shire Silver cards have been produced and distributed.

Founders: Ron Helwig






Hudson Valley Current


Region: New York State's Mid-Hudson Valley

Currency Type: Mutual Credit System

First Issued: Beta Test launched February 2014

Description and Background: The Hudson Valley Current is a New York State nonprofit that administers a mutual credit system with an online marketplace and credit clearinghouse. All members start their accounts at “0” and earn credits, called Currents, by selling a good or service on the HV Current marketplace. Member accounts are debited when they purchase a good or service on the marketplace. Moving into the negative for a short period of time is ok, since positive and negative Currents balance each other out. In this way, the Hudson Valley Current creates a medium of exchange that is issued by users as needed and that is backed by the trust users have in each others’ willingness and ability to repay debits by providing goods or services.

Circulation and Participation: Over 135 independent businesses and individuals in the Hudson Valley have opened accounts with the Hudson Valley Current. Together, Hudson Valley Current members have created over 15,000 Currents by exchanging goods and services.
Founders: Chris Hewitt, David McCarthy and Maria Reidelbach


Ithaca Dollars


Currency Type: Digital Currency

First Issued: 2015

Description and Background: Ithaca Dollars are a digital currency valued 1 for 1 with the US Dollar. They are accepted as all or part of the totals due for goods & services on offer by businesses and others. Ithaca Dollars are used to reward shopping locally, provide grant support to causes, and make credit available for micro and community-based enterprises. 

Circulation and Participation: Partner institutions, local residents, and visitors to the community may also purchase Ithaca Dollars. A variable "buy in" bonus is added on such purchases as gratuity for the commitment to purchasing locally. The present buy in bonus rate is 10% so that $100 nets i$110. Ithaca Dollars may not be cashed out for USD.
Founders: Scott Morris





Cascadia HOURS

Currency Type: HOURS

First Issued: 1994

Description and Background: Cascadia Hours originated as a barter-club in Eugene in 1993. Branches developed and have oeprated independently in three different areas, including Portland. Portland acts as a cooperative, and has developed and expanded with no Federal Reserve cash budget.

Circulation and Participation: Monthly directory for members only, 100+ listings; monthly events such as auctions; and a web site, updated almost daily, which provides a copy of the CHE Directory and calendar of events.

Contact: Portland Cascadia Hour Exchange, John Poling P.O. Box 8608 Portland, OR
(503) 810-8382



Corvallis HOUR Exchange


Region: Corvallis

Currency Type: HOURS

First Issued: 2002

Description and Background: Corvallis HOURS are a paper currency with four denominations, one, a half, a quarter and a tenth of an HOUR.  The dollar value of an HOUR is based on a living hourly wage decided by the Exchange.  Every year, the Exchange prints 4 directories and 4 trading markets.

Circulation and Participation: There are $25,000 worth of HOURS in circulation, used by roughly 100 participants.

Founder: Christine Calkins




Currency Type: Hours

First Issued: 2004

Description and Background: RiverHOURS began in fits and starts in 2001, and finally became a group dedicated enough to meet week after week and hammer out all the details beginning in August, 2003. By the spring of 2004, the GLCC had written and adopted its bylaws and began soliciting members of the community to participate.  RiverHOURS will be officially launched as soon as the GLCC reaches at least 100 members. The GLCC's mission statement is, "The Gorge Local Currency Cooperative (GLCC) seeks to create and sustain a local currency system in order to build community, promote regional economic independence, support local business and trade, encourage entrepreneurship, honor diversity and enhance the local minimum wage in the Mid-Columbia region."

Circulation and Participation: The GLCC focuses on the Columbia River Gorge region within a 35-mile radius from the center of the Hood River (Oregon) bridge.  It contains portions of five counties in two states. RiverHOURS are primarily based on the Ithaca Hours system, and have three denominations: 1 HOUR = $10, 1/2 HOUR = $5, 1/10 HOUR = $1. The GLCC chose the Hours system for its local currency to emphasize the value of a person’s time.

Contact: Gorge Local Currency Cooperative, Theresa North, Steering Committee, 993 Tucker Road, Suite A, Hood River, OR 97031
(541) 386-4074 





TimeBank Media


Region: Media

Currency Type: TimeBank

First Issued: May 2011

Description and Background: The Media TimeBank operates similarly to most other TimeBanks, with hours having no direct dollar equivalent, but being logged in a credit system where members can pay each other in hours of their time.

Circulation and Participation: TimeBank Media includes around 230 members and over the past 3 years has facilitated the exchange of over 12,000 hours.

Founder: Marie Goodwin






Bristol Bucks


Region: Bristol

Currency Type: Customer Loyalty Scrip

First Issued: 2006

Description and Background: Bristol Bucks were developed 8 years ago by the previous executive director and founder of Bristol Downtown Community Partnership.  Vouchers were made available at the National Bank of Middlebury in $5 and $20 denominations.  The vouchers could then be used at participating businesses.

Circulation and Participation: Use of Bristol Bucks fluctuates, with $2,500 worth being used during December of 2013 and $15 worth in March of the following year.  Around 35 businesses currently accept Bristol Bucks.

Founder: Kate Shelby






Life Dollars


Region: Bellingham

Currency Type: HOURS

First Issued: January 2004

Description and Background: Founded by the Fourth Corner Exchange in 2004, Life Dollars are a time-based currency which facilitate trading between participating businesses and customers in the Bellingham area.

Circulation and Participation: Since the currency was launched in 2004, over $1.4 million worth of goods and services have been purchased and sold through life dollars.  As of now, Life Dollars has over 200 participating members.

Founders: Francis Ayley




Snohomish Mutual Credit System


Region: Snohomish

Currency Type: LETS

First Issued: November 2011

Description and Background: Launched in 2011, Snohomish Mutual Credit System was designed to provide an alternative to federal currency for the residents and businesses in the Snohomish area and strengthen the local economy.  SMCS is a digital currency, where members have accounts that store “mutual credits”.  Being computer-based has allowed the existence of negative balances, so members can take loans and maintain debt.

Circulation and Participation: Not Reported

Founder: Terence Moore