I was recently challenged to think about how much of my wage would I (could I) accept to be paid in Ducats? The big question then is where can I spend them? I would need more places to accept them other than discretionary spending (restaurants, clothing etc). Could they be used to pay utility bills, Council rates, groceries, shop lease etc.
The following article is what challenged my thinking and reinforced to me the power of a local currency when locals embrace the philosophy and its value for the community.
Launched in September 2012, the Bristol Pound was the UK’s first ever city-wide local currency. See the link below whereby the Mayor agreed to accept the Bristol Pound for his full salary....
"I take my full mayor’s salary in Bristol Pounds and enjoy spending it in the interesting range of local businesses now signed up to take £B." Bristol Pound
It would be a great boost to have people accept a percentage of their wages in Ducats. I am sure that if that were the case, many more businesses would like to be involved as they would then have a great way to use the Ducats that people spend in their shops or with their businesses.
The following article is what challenged my thinking and reinforced to me the power of a local currency when locals embrace the philosophy and its value for the community.
Launched in September 2012, the Bristol Pound was the UK’s first ever city-wide local currency. See the link below whereby the Mayor agreed to accept the Bristol Pound for his full salary....
"I take my full mayor’s salary in Bristol Pounds and enjoy spending it in the interesting range of local businesses now signed up to take £B." Bristol Pound
It would be a great boost to have people accept a percentage of their wages in Ducats. I am sure that if that were the case, many more businesses would like to be involved as they would then have a great way to use the Ducats that people spend in their shops or with their businesses.
Bristol Mayor accepts the Bristol Pound as his full salary.
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