Complementary Currencies for Business and Network Goals - Igor and Leander

23/05/11

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Complementary Currencies for business and network goals Why, Who, What and HOW?

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Overview 1.  Intro: Who we are, What we do tonight?

2.  Framing: Why do we do things?

3.  Why money/ Why complementary currencies?

4.  Creating new currencies: Tough innovation!

5.  Best Practice: From the outside– From the inside

6.  Do´s and Don´ts

7.  Workshops


HUB CC, TOREKES, SCHOENEN

Leander Bindewald

Igor Byttebier


1. Intro

New shoes today - Igor Byttebier / Karen Van Heuckelom HUB Brussels - Leander Bindewald ü What we do tonight?

ü What we don´t do tonight!


2. Framing

Why do we do things?

ü  FROM THE INSIDE

ü FROM THE OUTSIDE


Bedankt !


3. Why Money?

ü  Convenience in exchange

ü  Convenience in measuring, valuing

ü  Saving


3. Why Complementary Currency?

The problems of the €uro monopoly

= The opportunities for CC

Unmet Needs & Underutilised Resources


USA + Canada

UK

Benelux

Germany + Austria

Other Europe

0

1000

2000

3000

4000

5000

6000

84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 2000 2001 2002 2003 2004 2005

Argentina Elsewhere Japan Other Europe Italy Germany + Austria France Benelux UK Australia New Zealand USA + Canada

3. New CCs with Social Goals


4. CC = Tough Innovation

€uro = very HIGH convenience factor ü Interchangability ü SIMPLE ü Widely accepted and understood ü Highly efficient ‘TIME = MONEY’ ü People are USED to it, and highly emotional about it


5. Examples: Best Practices Categorizing Complementary Currencies:

ü Competitive – Cooperative

ü Commercial – Social

ü Geographically – Theme

ü Paper – Virtual

ü Intrest – No Intrest – Negative Intrest

ü Mutual Credit – Fiat Money

ü From the Outside – From the Inside


From the Outside: Air Miles


International Journal of Community Currency Research Vol 13 (2009) pp.61-75

62

INTRODUCTION My name is Christian Gelleri, I am 35 years old, married and I am manager of the Chiemgauer. I have studied business administration in Rosenheim and business pedagogics in Munich. After my traineeship as a vocational school teacher I became a Waldorf teacher at the Waldorf school in Prien am Chiemsee in 2002. Prien is in the south-east of Bavaria about 80 kilometres from Munich. The region is called ‘Chiemgau’. About half a million people live there.

Paying with Chiemgauer at lake Chiemsee

In the picture you see one of our members paying for her meal with the Chiemgauer currency. Her name is Julia Kollmannsberger and she is the owner of a shop called "Regional Market at Prien am Chiemsee". In the background is lake Chiemsee, the geographic centre of our region. No town of the Chiemgauer-region is more than 50 kilometres away from lake Chiemsee. Chiemgauer is an example for a so-called 'Regiomoney', which is defined as a monetary system only valid within a region which has the size of about one or two districts. The defined region has to be large enough to establish relevant business cycles which can provide the inhabitants with about 50% of needed goods and services. WHAT IS THE PROBLEM WITH MONEY? Money is an agreement to use a medium for exchanging goods and services, saving and investing in business and donating to non-profit-organizations. But money is also used for hoarding and speculation. If you compare the total world trade in goods and services with the foreign exchange trade, you will find that for the year 2007 only 1.2 percent of all money is used for world trade while 98.8 percent is used for foreign exchange trade. Why do we trade dollars, pound, Euros and Yen fifty times when we only buy goods once? Did we always have such a high amount of speculation? No, thirty years ago 10 percent of the money was used for world trade. That is ten times higher than today. 60 years ago the volume of 'virtual trade' was not much bigger than the volume of 'real trade'.

From the Outside: RegioGeld


C3 – Commercial Credit Circuit

From the Outside: C3, Brazil - Uruguay - Spain


From the Outside: Torekes,Gent


From the Inside: From the Inside: WIR, Switzerland


From the Inside: LETS, TimeBanks


From the Inside: Transition Town Currencies, UK


From the Inside: Hubees & Huney, HUB Brussels


Examples: Many others

SEL

Furrai Kippu


VISION: What is it exactly that we want!

COMMUNITY:

Do we have enough community around this wish?

CREATE NEW VALUE: ‘Are we able to create new value with our initiative?

6. Learning: from others & by doing

From the Outside – From the Inside


6. Learning: from others & by doing

ü  Target group ü  Motivation ü  Boundaries (participants,

content, ...) ü  ‘Create loops': linking assets

to needs ü  Organisational authority and

partners ü  Mechanism (issuance,

demurrage) ü  Paper, virtual, software ü  Technical safety

ü  Organisational integrity ü  Legal issues ü  Organisational structure ü  Management ü  Team and continuity ü  Control ü  Costs & financing (start up

and continuity) ü  Tax issues ü  Link with €uro or other

currencies/communities


7. Workshops

1.  How to create your own CC ?

2.  Portrait: HUB CC, Torekes, Schoenen 3.  More about existing CCs: Design, Categorization

4.  Your suggestions…

23/05/11


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Igor Byttebier & Leander Bindewald

Complementary Currencies for Business and Network Goals - Igor and Leander

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