Definitions for Local Currency
lo·cal cur·ren·cy

WikipediaRate this definition:0.0 / 0 votes

1. Local currency

   In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database.

WikidataRate this definition:3.7 / 3 votes

1. Local currency

   In economics, a local currency, is a currency that can be spent a particular area at participating organisations. Usually it will act as a complementary currency, that is to be used in additional to a national currency, rather than replace it. The purpose is to encourage spending within the local community, especially with locally owned businesses. This may also help reduce environmental footprints. The currency may not be backed by a national government or be legal tender. As a tool of fiscal localism, local currency can raise awareness of the state of about the local economy. They are useful for people who are unfamiliar or uncomfortable with traditional bartering. They encompass a wide range of forms, both physically and financially, and often are associated with a particular economic discourse.

How to pronounce Local Currency?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Local Currency in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Local Currency in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of Local Currency in Pythagorean Numerology is: 6

Examples of Local Currency in a Sentence

1. Beth Whitman:

   It helps to have some local currency upon arrival for taxis or tips without having to go to an ATM or change money.

2. Steve Ellis:

   We've had times before when we thought it was a good time to go into emerging local currency, we thought there were green shoots but they were false dawns, you need to see the growth backdrop improving, that will give you the green light.

3. Andrew Gillan:

   In an environment where the local currency is under pressure, there's less money in the local currency to pay dollar interest payments, particularly if U.S. rates are rising as well.

4. Paul Greer:

   We are actually quite optimistic about the outcome of the election, we are overweight local currency government bonds and the Mexican peso.

5. Charles Robertson:

   We like the look of the local currency bonds in the medium term - you're getting 9 percent yield on a currency that's fair value.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Local_Currency
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Local Currency