LETS (Local Employment and Trading System)

LETS, or Local Employment and Trading System, is a community-based network that allows members to trade goods and services using a local currency or points system instead of traditional money. Participants earn credits by offering their skills or products to others in the group, which they can then spend on services or items from other members. This system fosters local economies, encourages social interaction, and promotes a sense of community by valuing skills and resources within the locality. Essentially, LETS enables people to support one another’s needs while strengthening local connections.