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The Kootenay Barter Buck – a forerunner of the TCHI

January 15, 2012

Over Christmas we had a guest from Canada, who brought with him a Kootenay Barter Buck – a note from a (once?) thriving local currency scheme in Nelson, British Columbia, that has many things in common with the TCHI.

It was set up in 1994, based on the famous New York  Icatha hour, and issued over 30, 000 hours worth of notes. It was exchanged for services just like the TCHI, but was also accepted by over 40 local businesses. They achieved that in just three years!

As well as hour notes they had half-hour and quater-hour notes (pictured here). Unlike the TCHI they had a direct cash transfer value of $10 per hour. I guess this made it easier to trade them for goods, and may have helped them be accepted more readily by local businesses.

I’m not sure if the scheme is still active or what its current status is but if you want to read more about it then click here to see their webpage – which I think is now defunct, unfortunately. Below you can click for an enlarged view of the front and back of the 1/4 hour note:

If any of our readers discovers anything more about this or any other time-backed currency, or think that the TCHI should adopt some of the Kootenay Barter Buck principles then please leave a comment or drop us an email.

2 Comments leave one →
  1. December 19, 2012 5:07 pm

    I’m sure you know about Paul Glover (@metroecos) and his “Ithaca Hours” which have been trading since the early 1990s.

  2. grrrrrrrrrrrrrrrrrr permalink
    May 2, 2012 7:11 am

    They have relaunched.

    Lots of ideas there.

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