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In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area. This amounts to a formalization of the barter system, a useful tool for raising awareness of the state of the local economy, especially among those who may be unfamiliar or uncomfortable with traditional bartering. These currencies are also referred to as community currency, and are a form of alternative currency or complementary currency. They encompass a wide range of forms, both physically and financially, and often are associated with a particular economic discourse. From Wikipedia under the
GNU Free Documentation License  moodiereport.com 534px x 1117px | 46.80kB [source page] Click here to view the enlarged image  moodiereport.com 521px x 999px | 57.00kB [source page] Click here to view the enlarged image then hover over graphs with your cursor and click for full detail  moodiereport.com 506px x 1100px | 43.30kB [source page] Click here to view the enlarged image From Yahoo Image Search: "Local currency"  airbrushangels.com Author Wed, 23 Jun 2010 13:29:59 GM It will not only become the source of money and the ability to make the purchases in the foreign shops but also the way to get some . local currency. for the little expenses. However, the credit card service abroad may be rather expensive. ...  bestcreditcards.com.au admin Wed, 23 Jun 2010 00:16:21 GM A great money-saving tip for using credit cards internationally is to always pay in the . local currency. . This should be the norm, and it is your legal right to choose to do this. Merchants or bank ATMs that want to charge you in your own ...  moneymorning.com Kerri Shannon ue, 22 Jun 2010 10:00:08 GM Louisiana joins companies' fight against the oil drilling ban to save its . local. economy. ... June 22, 2010. We Want to Hear From You: Are You Worried About China's . Currency. Rise Sparking Inflation? June 22, 2010. Louisiana Judge Blocks Offshore Drilling Ban. June 21, 2010. After a Strong First Half, Is the U.S. Dollar Headed for a Reversal? ... From Google Blog Search: "Local currency"  biz.thestar.com.my Sun, 11 Jul 2010 23:50:11 GMT+00:00 accounts Malaysia Star (blog) Depositors have zeroed in on the Australian dollar foreign currency account, say bankers, as that currency offers a higher yield than what local deposit ...  dailymarkets.com Thu, 08 Jul 2010 11:23:59 GMT+00:00 And Emerging Market Debt Active ETF Daily Markets The fund will look for income and capital appreciation by investing in emerging market debt denominated in local currency . The prospectus states that the ...  marketoracle.co.uk Thu, 08 Jul 2010 20:30:04 GMT+00:00 The Market Oracle Since loans were denominated in foreign currency, when their local currency depreciated against the Swiss franc or euro, the real financial burden of the ... Central banking deflowered Mmegi Online ECB leaves interest rates on hold again Palm Beach Post From Google News Search: "Local currency" What are the implications if the local currency weakens? Q. Is it good for local currency to be strong or weak? Pls expain. Thanks! Asked by clairecly86 - Fri Jan 25 12:41:16 2008 - - 2 Answers - 0 Comments A. You ask a very complex question. Good because it means foreign goods will cost more and so local businesses can keep a lower pricea dn thus sell more products and make more local jobs. Bad because we'll have to pay more for foreign made things like car replacement parts. j Answered by The man - Fri Jan 25 12:51:04 2008 Why does local currency need to be re-branded and reshaped from older, once spendable, money? Q. Why does the design change in our currency? If we have old 1 pound notes, they are not usable, even though we still have single pound units. Asked by johndehaura - Thu Jul 8 22:21:11 2010 - - 1 Answers - 0 Comments A. That is often done because of counterfeiting. It takes a long time for a counterfeiter to make plates to print money, and with the newer security features such as the holograms on the 5, 10 and 20 notes, it's getting harder all the time. I'm not British, but I thought you could still exchange those old notes at the Bank of England. I liked the fact that they put Adam Smith on the new 20 notes, but I'm not sure that he would approve if he were alive today given the central management of the economy. Answered by Adam Smith - Thu Jul 8 23:49:37 2010 Do the locals prefer and $ to the local currency in Sharm and Egypt?
Q. I am travelling to Sharm next week and wondered if am better off taking hard currency such as or $? Are there any 'MUST-DO' or 'MUST-SEE' things in Sharm el sheik? Asked by nicholsonuk - Wed Oct 25 08:19:02 2006 - - 10 Answers - 0 Comments A. yes, euros and dollars are preferred there, but always keep some egyptian pounds with u. my advice to u, always bargain, u'll save alot:) about the must do and must see, u don wanna miss diving and snorkling in the red sea, its an unforgettable experience, there is a whole new world down under, dont miss it. also try to go on a safari to ras mohamed, climb the mountains and u can dive there too. ask the hotel reception or ur tour guide to spend a night with the beduins there. i went there before and it was amazing, the beduins are very generous people, u can dine with them, they make the best meat in the world, they cook it in the sand,unbelievable taste. the mountains there were lit by thousands of candles, u dont wanna miss that, but its… [cont.] Answered by Yasmine - Wed Oct 25 12:46:51 2006 From Yahoo Answer Search: "Local currency" |
