WIR Bank


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WIR Bank

A non-profit bank in Switzerland that finances transactions between members. It encourages members (which consist of medium-sized and small businesses) to trade with each other and provides the financing for them to do so. For its bookkeeping, it uses the WIR euro, a non-circulating accounting currency. It was established in 1934 and is credited with contributing to the stability of the Swiss economy.
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It's operated by the WIR Bank, which opened the currency to individual users a few years ago, encouraging them to buy WIR with their francs.
A key difference is that the WIR Bank is a stable and influential financial institution that employs full-time professionals.