Local Exchange Trading System

A Local Exchange Trading System (LETS) is a community-based barter network where members exchange goods and services using a local credit system instead of money. Participants earn credits by providing services or items to others, and spend credits when they need something. This system promotes local economic activity, reduces reliance on cash, and fosters stronger community connections. It’s like a neighborhood trade economy, helping members access what they need without using traditional currency, while also valuing contributions within the community.