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Social Trade Organisation:. New Money presentation Forum Alternative, Transeurope Festival, Prague. Financial system is a failure. High (youth)unemployment Unequal distribution of welfare Unstable and unsustainable Environmental problems. Social Trade Organisation (STRO).

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Social trade organisation

Social Trade Organisation:

New Money

presentation Forum Alternative, Transeurope Festival, Prague


Financial system is a failure

Financial system is a failure

  • High (youth)unemployment

  • Unequal distribution of welfare

  • Unstable and unsustainable

  • Environmental problems


Social trade organisation stro

Social Trade Organisation (STRO)

The Social Trade Organization was founded in 1970

based in Utrecht, The Netherlands

Mission:

“to research, experiment and implement innovative

sustainable economic structures made to suit local

economies.”


Social trade organisation

STRO’s presence in the world


Social trade organisation

Local circulation in poor areas:

problem

Money flows towards richer areas without supporting the local economy


Social trade organisation

> own currency forces local purchasing power to circulate longer within the region > afterwards can be exchanged for trade outside the region

Local circulation in poor areas:

solution = own currency


Local money how does it work

Local Money: how does it work?

  • Thousands projects worldwide using an own, local currency

  • Can only be used within certain area: neighbourhood, city, region

  • No replacement of national currency, but complementary

  • Some local currencies: no exchange for national currency

  • Other local currencies: exchange for national currency or goods


Local money paper money or

Local Money: paper money or …..


Local money digital cyclos software

Local Money: digital > Cyclos software

  • STRO's open source software for the administration and operation of Transaction Networks

  • For the users it functions like online banking software, allowing transfers between accounts through Web, cards and SMS

  • Introduces innovative algorithms that help to keep purchasing power circulating longer, faster and more times in the local market

  • Offers functions of social networks and online market place


Social trade organisation

Local Money: an example

consumers

supermarket

restaurant

LM

LM

computer-shop

$

LM + bonus

loan

butcher

administration

LM


Social trade organisation

Local Money: an example

consumers

supermarket

restaurant

accountant

LM

LM

LM

LM

transport

LM

computer-shop

$

LM

distribution

LM

garage

LM

butcher

administration

marketing companies

LM

$ - fee

stock-farmer

LM


Local money advantages

Local Money: advantages

  • Local purchasing power circulates longer within the region: more local economic activity and more jobs

  • Cheaper loans to companies that participate in the network

  • Use of Cyclos means introduction of modern payment system


Local money in practice puntotransacciones

Local Money in practice: Puntotransacciones

  • El Salvador: 500 companies and consumers

  • Turnover 2011: 1.3 million dollar, doubling each year


Local money in practice brixton pound

Local Money in practice: Brixton Pound


Results

Results

  • We have proven that privately emitted means of payment are technically viable, legally sound and commercially accepted

  • Our methods for emitting, backing and administrating different forms of means of payment are operational in hundreds of local networks

  • Our software for online transactions is being used in more than a hundred trade-networks (that we know of...)


Local money in europe

Local Money in Europe

  • Most European countries in economic crisis

  • High unemployment, e.g. youth unemployment is 50% in Spain

  • Conventional solution: budget cuts by governments


Campaign spend local for more jobs worldwide

Campaign: Spend Local for More Jobs worldwide


Maybe also in czech republic nakupuj lok ln

Maybe also in Czech Republic: nakupuj lokálně?

www.nakupujlokálně.cz ?


More info on stro

More info on STRO

  • STRO:www.socialtrade.org

  • Cyclos:www.cyclos.org

  • Facebook:www.facebook.com/socialtrade

  • Twitter:SocialTradeOrg

  • Spend Local:www.spendlocal.org

  • email:[email protected]


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