GLOCAL – CITYZEN

Complementary Currency

For

Twin Cities

Expanding Local Well Being and Resources -

Complementary Currency

Examples

From the

World

Municipal solution to the Big recession in Austria

AUSTRIA

SME Business 2 Business Network

Switzerland’s Wir cooperative bank is a Successful Credit

Clearing Association it is called “the granddaddy of complementary

currencies”. Since its creation in 1934, the co-op has experienced greater-than-average activity and growth in periods of economic downturn, demonstrating that it helps stabilize the Swiss economy.

The WIR bank is a not for profit bank. It serves the interest of the clients, not the bank itself. It is a very stable system, not prone to failure as the current banking system is. It remains fully operational even in times of general economic crisis.

The existence of a bank building and six impressive WIR-owned regional offices, as well as the following comparison of data speak for themselves.

The membership, at first was completely open, but later it was restricted in order to build solidarity among the “entrepreneurial middle-class.”

Although WIR started with only 16 members, it has grown rapidly…

1973 1993

Number of Participants 20,402 members 76,618 members

Turnover – In Swiss francs 196 million 2.521 billion

Balance – In Swiss francs 83 million 1.028 billion

SWITZERLAND - Wir cooperative bank

OTHER CITIES LIKE LONDON ARE

ALREADY IN THE GAME…UK

In upstate New York, Ithaca dollars pay rent, buy

groceries & health club memberships. USA

Regional Currency / Regional Pointin Yamato City

Eco Money

Fureai Ticket

Ithaca Hours

Due Bill

LETS

Mall Point

(1)(2)

(3)

(4)Interchanges between:

1) local currencies

2) Citizens

3) citizens & regional currency

4) inside a regional currency

Yamato “Loves” (Local Value Exchange) currency

Integrated regional systems (Yamato City, Germany)

GERMANY

BALI

GREECE - Volos

• In Volos – Greece during the crises, the shops were full of products but people didn’t have money so resource exchange was slowed down and growing unemployment followed up and led to poverty

• The money that originally was created to make trade more efficient became part of the problem…no money – no Trade…and the results are great suffering …

• until the local people of Volos invented a local currency named TEM. The results were outstanding:

The community decides the roles and management in a democratic way so people and businesses started using it and accelerated the resource exchange and prosperity in the town of Thousands of people.

http://www.youtube.com/watch?v=9y9R0v96K48

BBC Report in YOUTUBE

11

JAPAN - Fureai Kippu

• The Fureai Kippu was invented in Japan to address the Social

need of graceful service for old people who live in the area serve

the elderly and receive credits that serve their elderly needs

even if they live far away…over 60,000 people use this system.

INTERVIEW about Fureai Kippu http://www.youtube.com/watch?v=_xmyM_uNXkU

Pension in the future is not certain http://www.youtube.com/watch?v=0eLdNHIddMk12

BELGIUM - Ghent

From Poverty to Prosperity Turning the poorest neighborhood in Ghent - Belgium into a beautiful integrated community that after 2

years became attractive not only to the people who

live there but even for Real Estate investors…

1st generation immigrants with 20 different languages

Majority of Turks & high rate of unemployment.

When people were asked what they are missing

the most in their life they said:

gardens with flowers, vegetables & fruit trees…

Winds of change:

� Global Community with common

denominator

� Limited resources

� Untapped pool of resources at the community level

� Emerging collaborative consumption and interaction

• The Concept

� Municipality Development Tool

� Touristic Planning Tool

� Business Empowerment

� Development of Cultural , Artistic and Social Relations

• The Benefits

• The Concept

• The Benefits GLOCAL

–

CITYZEN

Twin Cities

Tourists

Residents

• The Concept

How will it Work ?

In Frankfurt

i

Frank from

Frankfurt

I would like to go

on a

holiday

In Tel Aviv

i

Tami from Tel Aviv

Promote ecological meals

Frank from

Frankfurt

I would like to go

on a

holiday

WHAT CAN TEL AVIV DO TO GET FRANK

HERE AND PROMOTE TAMI?

• How will it Work?

Frank from

Frankfurt

I would like to go

on a

holiday

WHAT CAN TEL AVIV DO TO GET FRANK

HERE AND PROMOTE TAMI?

• How will it Work?

Tel Aviv accepts Glocal currency for:

Bikes

Market spot

Ad space at the Municipal site

Beach chairs

………

Promote ecological meals

Benefits for TAMI

MEAL AT

TAMI’S

BEACH CHAIR

BIKE

Benefits for FRANK

Tel Aviv distributes 100 coins per tourist from Frankfurt

Frankfurt distributes Glocalfor:

Community Gardening

Reading to the blind

Bike patrol

� The municipalities can promote their agenda

� The residents utilize their skills and time

� Social interaction expands

� Enhanced tourist experience

� More Wellbeing

• The Benefits

Who GAINS?

Everyone

The Municipality Gains

By:

� Promoting their agenda

� Developing areas in need

� Developing economical projects

� Planning cultural events

� Sales & marketing

� Unifying resources

• The Concept

• Who Gains ?

• The Benefits

• How will it Work?

The Business Gain

By:

� Platform for developing their business

� Efficient marketing

� Targeted customers

� Low cost

• The Concept

• Who Gains ?

• The Benefits

• How will it Work?

The Residence Gain

� A new touristic platform that breaks conventional boundaries and helps meet

new people

new cultures

in new ways

• The Concept

• Who Gains ?

• The Benefits

• How will it Work?

Demo

Summary

We ,

the policy makers in twin cities,

have the ability to

give each cityZen

the ZEN feeling,

by creating the common value between

the Global

and

the Local

• Summary

• The Concept

• Who Gains ?

• The Benefits

• How will it Work?