According to the California Aggie, Davis California is going to introduce a community currency to supplement the U.S. currency in the area. Initially for sale at an exchange rate of $9.50 per $10 of Davis Dollars, the project aims to makethe already strong Davis community even stronger.

The idea is fairly simple. People or businesses would buy 10 Davis Dollars for $9.50 and use it for something locally offered. Skilled people offering services would post on DavisDollars.org - currently under construction - for others to find and buy the product or service.

The concept of community currency is not a new one, but remains rare enough that the introduction of Davis Dollars would put Davis on a small but growing list of cities that have branched off from traditional money like U.S. dollars and credit cards for local exchanges.

“For example, you might buy some [Davis Dollars] … then look around for someone who can help you with economics tutoring, or bike repairs,” Barry said. “This means, of course, that you need not ‘buy in;’ you can ‘earn in’ by simply offering your services for Davis Dollars.”

See the full story at http://theaggie.org/article/2010/02/01/team-plans-to-launch-a-community-currency-in-davis

barter, Community Currency, davis dollars, exchange, trade