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Social Trade Organisation:

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:

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  1. Social Trade Organisation: New Money presentation Forum Alternative, Transeurope Festival, Prague

  2. Financial system is a failure • High (youth)unemployment • Unequal distribution of welfare • Unstable and unsustainable • Environmental problems

  3. 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.”

  4. STRO’s presence in the world

  5. Local circulation in poor areas: problem Money flows towards richer areas without supporting the local economy

  6. > 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

  7. 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

  8. Local Money: paper money or …..

  9. 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

  10. Local Money: an example consumers supermarket restaurant LM LM computer-shop $ LM + bonus loan butcher administration LM

  11. 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

  12. 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

  13. Local Money in practice: Puntotransacciones • El Salvador: 500 companies and consumers • Turnover 2011: 1.3 million dollar, doubling each year

  14. Local Money in practice: Brixton Pound

  15. 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...)

  16. 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

  17. Campaign: Spend Local for More Jobs worldwide

  18. Maybe also in Czech Republic: nakupuj lokálně? www.nakupujlokálně.cz ?

  19. 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: jaap.vink@socialtrade.org

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