complementary currency systems

Complementary currency systems are alternative forms of money used alongside traditional currency to support local economies, promote specific practices, or address community needs. They can take various forms, such as local currencies, time banks, or digital tokens, and are designed to encourage spending within a community, improve resilience, or fund public projects. These systems operate alongside national currencies but are usually accepted only within a defined area or group, fostering local trade and social connections while complementing the broader monetary system.