Community Currency Magazine April 2009 Issue § 7
doing and people qualied to do them, we are just
missing the mone.” In the case of local paper currenc, this common description ma have beena more appropriate idea back in the depression era.Toda’s Communit Currenc seems to mean more‘bu it local and keep the dollars circulating’. Doou have an sort of programs which take alook at the communit and asks, “if ou areunemploed or underemploed and wouldlike to work...come here and we can pa
you in River Hours”?
We do not have such a program in place asof yet, but it is a great idea! Come on out andimplement it for us! In other words, there are8 of us on the GLCC Steering Committee, allvolunteers, who have lives of their own. Weare still in a place of trying to educate peopleabout local currency let alone getting programsout there like the one you suggested.That being said, because of the nationaleconomy going down like it is and countygovernments in trouble, we might see aprogram like that in the near future.
From your web site, I nd the Columbia
Gorge Earth Center and the Gorge LocalCurrenc Cooperative (GLCC). Can ou tell
us how your organization is structured?
The GLCC is a volunteer organization that producesa membership cooperative. We are not a 501(c)(3). We have a Memorandum of Understanding withthe Columbia Gorge Earth Center which does have its501(c)(3) status. We are considered a “project” of theGCEC.
I read in your FAQ section about ination or dea
-tion. What events or local indicators would trigger
the addition of more currency into circulation?
More currency is issued into circulation when a newmember joins RiverHOURS. To join RiverHOURS, amember pays $40 FRN which pays for advertisementin the Trade Directory for a whole year. We thenissue that member 4 RiverHOURS. When a member renews their membership, they again pay $40 for advertising in the Trade Directory and we issue them3.0 RiverHOURS. We have more than 80 currentmembers and about $19 thousand of local currencyin circulation. Each one of the Steering Committeemembers in is contact with a member when it is timeto renew. We ask them then how things are goingwith using RiverHOURS to get a feel of how theRiverHOURS are circulating.
If I started a local currenc modeled after River Hours, would m goal be to be provide jobs or woulda good goal be to better utilize local resources
Local currencies do not have to have just one goal. Wewould say that providing jobs and better utilizing localresources through bartering are just two goals of RiverHOURS. We have more goals than those twolisted.
Do ou have an local programs which provide loansor grants to deserving people or for communit
Yes, we have provided loans for members of RiverHOURS. We gave a small loan to a business whichsells fair trade products from around the world. They
used their RiverHOURS loan to x up their store. They
also used the local currency to hire an accountant. Wedo not charge interest on our loans. We are not out tomake money like banks are.
I ask this because I see on the T.V. news tent citiesof unemploed and homeless people now springingup in places across America. If those areas hada local currenc would its function be to providethose people emploment or does our currenc
not really work that way?