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Article
Helping Everyone Have PLENTY: Addressing Distribution and Circulation in an HOURS-based Local Currency System
International Journal of Community Currency Research
  • Jonathan Lepofsky, University of North Carolina at Chapel Hill
  • Lisa K. Bates, Portland State University
Document Type
Article
Publication Date
1-1-2005
Subjects
  • Community development,
  • Community Organizations
Abstract

This paper summarizes research conducted by the authors who served as the ad-hoc Disbursement Task Force created by NCPlenty, Inc., the non-profit managing agency for a local currency system in central North Carolina, USA. NCPlenty, Inc. began printing a scrip-based local currency called the PLENTY in October 2002. The PLENTY, or Piedmont Local EcoNomy Tender, is based on the Ithaca HOURS currency and has faced circulation and distribution issues similar to other HOURS-based systems in the US. While at the start of the PLENTY’s first year of circulation the number of participating individuals and businesses nearly doubled and a vibrant exchange network existed, by the end of this year the growth seemed to plateau rather than continue to expand. This paper examines the hindrances to distribution and circulation within the PLENTY community economy, offers proposals for improving the currency, and relates the lessons of the PLENTY to other complementary currency endeavors.

Description

This is the publisher's final PDF. Originally published in International Journal of Community Currency Research and can be found online at: http://ijccr.net/2012/05/23/helping-everyone-have-plenty-addressing-distribution-and-circulation-in-an-hours-based-local-currency-system/

Persistent Identifier
http://archives.pdx.edu/ds/psu/12457
Citation Information
J.D. Lepofsky and L.K. Bates, 2005. "Helping Everyone Have PLENTY: Addressing Distribution and Circulation in an HOURS-based Local Currency." International Journal of Community Currency Research. 9: 1-20.