Issuing Procedures Worksheet
Questions to Answer
1. Who in the leadership team is prepared to take responsibility for issuing the community currency?
� Local Bank or Credit Union � Business Association � Community Group
2. Given their responsibilities and limitations, which issuing procedure will work best for them?
� Backed Currency: Where the currency can always be exchanged for a good or service.
� Collateral Currency: Where people borrow against their assets to issue the currency.
� Redeemable Vouchers: Currency is paid for with conventional money, and can be redeemed for
conventional money.
� Commercial Vouchers: Currency is purchased with conventional money, but can only be redeemed
for goods and services.
� Loyalty Currency: Currency that rewards loyalty to a particular business, like frequent flyer miles.
� Mutual Credit: Currency issued by a simultaneous debit and credit in a transaction.
� Borrowing Without Collateral: Currency issued as a credit without collateral.
� Central Distribution: A central office distributes it to everyone that qualifies.
Narrative Description of the Issuing Procedure
Using this space, describe in detail:
a. the entity that will be responsible for issuing the currency,
b. the procedure that will work for them, and
c. give a short case study about how it will work for individuals.
Example: In Anytown, USA, the Municipal Employees Credit Union made a commitment to being the issuer of the
complementary currency. Since they offer their members electronic transactions, their system could be adapted to
do this for the complementary currency as well. The system being implemented in Anytown is a combination of a
Loyalty Currency system, where people will earn ‘points’ for buying local products and services, and other ‘points’
for volunteering their time for local community groups. Members of the new complementary currency system will
get electronic transaction cards that will reference their ‘account’ at the Credit Union, which also can be managed
electronically. When they go to purchase goods and services from participating businesses, the cards will be
debited. When they earn points, the cards will be credited.
23
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32