Editing Local currency (section)

{{short description|Currency that can be spent in a particular geographical locality at participating organisations.}}
{{Numismatics}}

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,<ref name=CCIA/> and aims to encourage spending within a local community, especially with locally owned businesses.<ref name="BoE"/> Such currencies may not be backed by a national government nor be [[legal tender]].<ref name="BoE"/> About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database.<ref>{{cite web|url=http://www.complementarycurrency.org/ccDatabase/les_public.html|title=Online Database of Complementary Currency Systems Worldwide|website=www.complementarycurrency.org|author=Complementary Currency Resource Center|url-status=dead|archive-url=https://web.archive.org/web/20130116075240/http://www.complementarycurrency.org/ccDatabase/les_public.html|archive-date=2013-01-16}}</ref>