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Ithaca, N.Y., Forms Currency for Local Use

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Ithaca, N.Y., Forms Currency for Local Use

U.S.

Ithaca, N.Y., Forms Currency for Local Use

Ithaca, N.Y., Forms Currency for Local Use

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  • <iframe src="https://www.npr.org/player/embed/11867279/11867280" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Some communities around the U.S. are busy creating their own currencies, hoping to give local businesses a chance to compete against big box retailers. The local currency in Ithaca, N.Y., is called "Ithaca Hours." They are bought with U.S. dollars and can be traded with local shops for products or services. The southern Berkshire region of Massachusetts calls its currency "Berk-Shares" and in Traverse City, Mich., the currency is called "Bay Bucks."

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