Abeille (local currency)

Abeille is the name of a community currency started in 2010[1] in Villeneuve-sur-Lot, France. It is named after the French word for bee. The Abeille program is intended to promote local commerce. The Abeille operates with a fixed exchange rate: 1 Abeille = €1.

Creation and objectives

An initiative of a local NGO, "Agir pour le vivant" (Act for the living),[2] the Abeille is intended to:

  1. Promotion of sustainability: organic food and renewable energy among others
  2. Strengthening the solidarity: enhancing the human relationship between local shoppers and businesses
  3. Stimulation of local economy.

Currency issue, exchange and acceptance

Bills of 1, 2, 5, and 10 Abeille are issued. They feature drawings from the painter Jean-Claude Maurel on the obverse, and a photograph of a bee on a flower by the photographer Christian Aymé on the reverse.[1]

To maintain an individual bill's validity, a "scrip" corresponding to 2% of the banknote value must be paid every six months. (This system, called demurrage, is a form of currency circulation tax and was invented by Silvio Gesell.)

See also

References

  1. 1 2 La Dépêche du Midi news (in French)
  2. ↑ Agir pour le vivant website (in French)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.