Local Exchange Trading System

Local exchange trading systems now exist in many countries.

One estimate suggested that the total value of local exchange trading systems trades worldwide was one billion South African rands in 2004.

Approximately 400 local exchange trading systems (LETS)

Local exchange trading system (LETS)

Previously, one of the most prominent systems was LETS, local exchange trading system, a trading network supported by its own internal currency.

Easyswap is an online LETS (local exchange trading system) platform featuring geolocation data as well as a complementary currency.

Both collective efficacy and specialization are cornerstones to two very successful forms of civic based, non-monetary economies: time banks and local exchange trading systems (LETS).

A working group, made up of welfare recipients recruited by the city's social services department, came up with the idea of a web-based project modeled on local exchange trading systems (LETS).

The film finishes by identifying some alternatives to modern banking, such as the nationalization of banks and payment of dividends to the public, establishing local exchange trading systems, or government printing of money.

Michael Linton originated the term "local exchange trading system" in 1983 and for a time ran the Comox Valley LETSystems in Courtenay, British Columbia.

The initial design was as a local moneyless not-for-profit exchange which was similar in most respects to what is termed a local exchange trading system (LETS) which record members trading goods and services using a locally-created currency called LETS Credits.