Editing Time-based currency (section)

==Timebanking around the world==

===Global timebanking===

In 2013 '''[https://timerepublik.com TimeRepublik]''' <ref>{{Cite web|url=https://www.fastcompany.com/3052035/exchange-your-skills-for-free-services-with-a-different-kind-of-bank-a-time-bank|title = Exchange Your Skills for Free Services with a Different Kind of Bank: A Time Bank|date = 9 October 2015}}</ref> launched the first global Timebank. Its aim is to eliminate geographical limitations of previous timebanks.<ref>{{cite web|title=TIMEREPUBLIK finalist at LeWeb London|url=http://www.startupticker.ch/en/news/may-2013/timerepublik-finalist-at-leweb-london#.UaeGGOtAvdc|publisher=Startupticker|access-date=21 May 2013}}</ref><ref>{{cite web|last=Bolino|first=Francesca|title=Cuochi, scrittori, idraulici ecco la banca online per prestare un'ora di talento|date=22 April 2013 |url=http://ricerca.repubblica.it/repubblica/archivio/repubblica/2013/04/22/cuochi-scrittori-idraulici-ecco-la-banca-online.html?ref=search|publisher=La Repubblica|access-date=22 April 2013}}</ref>
Since 2015 TimeRepublik has been promoting Time Banking within local governments, municipalities, universities, and large companies.<ref>{{cite web | url=https://www.valledaostaglocal.it/2015/10/17/leggi-notizia/argomenti/cronaca-4/articolo/il-comune-di-sarre-apre-la-banca-del-tempo.html | title=Il Comune di Sarre apre la Banca del tempo | date=17 October 2015 }}</ref><ref>{{cite web | url=https://www.startupticker.ch/en/news/january-2014/cooperation-of-timerepublik-and-the-municipality-of-messina | title=Cooperation of TIMEREPUBLIK and the municipality of Messina }}</ref><ref>{{cite web | url=https://www.lecodelsud.it/timerepublik-banca-del-tempo-per-gli-studenti-delluniversita-di-messina | title="TIMEREPUBLIK": Banca del Tempo per gli studenti dell'Università di Messina | date=3 February 2015 }}</ref><ref>{{cite web | url=https://www.startupticker.ch/en/news/january-2017/the-leading-banking-group-in-italy-to-test-the-b2b-timerepublik-platform | title=The leading banking Group in Italy to test the B2B TimeRepublik platform }}</ref> 
In 2017 TimeRepublik won the first prize at the [https://www.bai.org/globalinnovations/ BAI Global Innovation Awards] in the Innovation and Human Capital category <ref>{{cite web | url=https://www.bai.org/globalinnovations/awards/past-winners/2017-winners/2017-innovation-in-human-capital-award/ | title=2017 Innovation in Human Capital Award }}</ref>

The [[Community Exchange System]] (CES) is a global network of communities using alternative exchange systems, many of which use timebanks. Timebanks can trade with each other wherever they are, as well as with [[mutual credit]] exchanges. The system uses a base 'currency' of one hour, and the conversion rates between the different exchange groups are based on national average hourly wage rates. This allows timebanks to trade with mutual credit exchanges in the same or different countries.