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LOCAL EXCHANGE TRADING SYSTEM
Jim Bulmer writes: Regarding the Yukon note in last week's issue, I don't know that particular one (it looks very colourful and attractive), but it is a LETS (Local Exchange Trading System) note, dated 2000. LETS is a 'Time for trade' token program where hours of service are paid instead of money. Programs like these are used around the world, there are several articles on the web, and the program works better in some places than others. It was developed in 1983 by Michael Linton, of Comox BC, and his files now are at the University of Victoria. The LETS system is related to Municipal Trade Token money. I've long been fascinated by the labor exchange movement and its time-based paper money. The most recent article on the topic was just this April, when the Washington Post covered a Silver Spring, MD time bank and discussed the D.C. nonprofit TimeBanks USA. Loren Gatch mentioned the LETS system in 2012 and suggested the complementarycurrency.org site. A search there failed to find a Yukon currency. -Editor To read the complete Wikipedia article, see:
To visit the Complimentary Currency Resource Center, see:
To read the earlier E-Sylum articles, see:
Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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