Complementary options to development of underdevelopment: Lessons from the use of community currencies in Kenya

Submitted by wnyukuri on March 19, 2021

Governments and non-governmental organizations around the world have embraced community or complementary currencies (CCs) as tools of poverty reduction, environmental protection and promotion of social solidarity. Community Currencies are best viewed as a financial innovation to assist local-level development and are seen as a new age poverty-reduction strategy. Popular CCs include: FureaiKippu (Japan), Red De Turque (Argentina), Ithaca Hours (United States), Bristol Pounds (United Kingdom) and Chiemgauer (Germany).

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