Artificial currency

(redirected from Complementary currency)
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Artificial currency

A currency substitute, e.g., special drawing rights (SDRs).

Artificial Currency

A currency that does not circulate and is used for accounting purposes only. A prominent example is the special drawing right, which is based on a basket of different currencies and is used when accounting IMF transactions.
References in periodicals archive ?
Given responsible policy making, CCO could be introduced relatively simply due to Universal Basic Income provided as a complementary currency, that is, in addition to any present fiat-based system such as Dollars, Euros, Pesos, etc.
Ruddick started piloting community currencies five years ago in Mombasa and Nairobi, culminating in the launch of the first complementary currency, Bangla-Pesa, in Mombasa in 2013.
He compared the plan to the Brixton pound, a complementary currency used alongside sterling by independent shops and traders around London.
Barter and some complementary currency transactions are considered taxable income, but you'll still be building both the local economy and social capital.
The Castle Arcade shop owner hopes the complementary currency would help to support Cardiff's independent businesses, strengthen the local economy, keep the high street diverse and build stronger communities.
If our national representatives are too stupid to stop subsidising the banks, not only allowing them to issue our means of exchange for profit but insuring them to the tune of billions against their own foolhardy speculation, our local representatives might at least try and help us out by providing us with a complementary currency.
His model is the Chiemgauer, a German complementary currency of which millions of euros' worth is traded yearly.
An even more promising variety of complementary currency like the grain receipts of ancient times, is quite literally earned into existence.
More than 70 traders in Lewes, East Sussex, have agreed to accept the Lewes pound as a complementary currency to pound sterling.
The scheme, known as a complementary currency, is popular round the world.
Complementary currency, a form of exchange that aims to complement standard monetary currencies, comes in many forms.
SEATTLE -- BizXchange, a business-to-business barter network based in Seattle, has acquired Dibspace, an online marketplace where small businesses and consumers can buy and sell products and services using an online complementary currency called Dibits.
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