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Acronyms that contain the term Local Currency
What does Local Currency mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: Local Currency.
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What does Local Currency mean?
- Local currency
- In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database.
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"Local Currency." Abbreviations.com. STANDS4 LLC, 2024. Web. 7 May 2024. <https://www.abbreviations.com/Local%20Currency>.
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