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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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Presentation Transcript
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.”

slide5

Local circulation in poor areas:

problem

Money flows towards richer areas without supporting the local economy

slide6

> 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 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
slide10

Local Money: an example

consumers

supermarket

restaurant

LM

LM

computer-shop

$

LM + bonus

loan

butcher

administration

LM

slide11

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
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
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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