The Local Exchange Trading System (1998)

The Local Exchange Trading System (LETS) is a community-based network that allows people to trade goods and services using a local currency instead of cash. Established in 1998, it encourages barter and fosters local economic resilience. Members earn credits by providing services or goods, which they can then spend on others' offerings within the network. LETS promotes social connections, supports local businesses, and reduces reliance on traditional currency, thereby enhancing community engagement and sustainability. It’s a way for people to share their skills and resources while strengthening local ties.