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. Jim McCormick:

   Real yield in local currency debt relative to developed market debt is near an 8- to 10-year high, and somewhere between 150-200 bps above where we were right before the (2013) taper tantrum, it's not a great environment for local currency ... (but) the protection that you are being offered should get you through the worst part of the mess.

2. Med Jones:

   Commodities have shown a high correlation to inflation, especially in high inflation periods. In addition to diversification, the commodities asset class may also protect investment portfolios against an expected inflation or a declining local currency.

3. Chris Paine:

   But a significant portion of this is accounted for by currency volatility, we believe the yields on offer for hard and local currency EM debt don't offset the credit risk that the underlying indices entail.

4. Evan Lucas:

   Since the Twin Towers attacks, there have been four major attacks across the globe, the initial reaction in all jurisdictions were short, sharp sell-offs, but within 10 days of the events, the markets or local currency returned to the level of before the events. I would expect the same reaction for the Paris events.

5. 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.

References

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