Upper Vinschgau regional money

Upper Vinschgau currency

A complementary currency is a payment option that is recognised as a means of exchange within a community in addition to the state currency.

  • The local circuits that are created promote the regional economy.
  • Economic sectors become smaller, more manageable and less prone to disruption.
  • The social function of money comes to the fore and communities are strengthened.
  • Networking between companies, businesses and consumers is supported.

State currencies are used to settle transactions in a competitive economy outside local circuits. To promote competition, capital must be scarce and expensive there.
The complementary currency is the medium of exchange in a cooperative economy. It is meant to promote community and to be sufficiently available. To keep it in circulation, re-exchange is only possible to a limited extent.