IJCCR The UK Transition Currencies
!"#$%&'(()*+(+,-*"./.(/.(0+&1(,%2*($-+3("24/0+( !$2"!(-"&4/2/-"4/$3("35(/5+34/416(-$./4/0/416( /33$0"4/$36(2&+"4/0/41("35(2$!!+24/0+("24/$3'( )*+&+("&+(2%&&+34!1("&$%35(789("24/0+( 4&"3./4/$3(2$,,%3/4/+.("2&$..(4*+(:$&!56( ,"/3!1(/3(;3<!/.*=.-+">/3<(2$%34&/+.'7(
“The emphasis is very much open active local participation and identity, positivity, innovation, creativity and collective action.”
Transition Local Currencies
)*+(*"&5(2%&&+321(,$5+!("5$-4+5(#1("!!(A$%&( +G/.4/3<(4&"3./4/$3(/3/4/"4/0+.(/.(#&$"5!1(./,/!"&O
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
P F%./3+..+.("&+(+32$%&"<+5(4$($AA+&(5/.2$%34.( :*+3(2%.4$,+&.(%.+(4*+(2%&&+321(4$(-"1(A$&( <$$5.6(#%4("44+,-4.(#1()$43+.("35(?+:+.(4$( /34&$5%2+("(2$,-%!.$&1(5/.2$%34(:+&+( "#"35$3+5(5%+(4$(#%./3+..(5/.."4/.A"24/$3' P ;"2*(.2*+,+(*".("(:+#./4+("35(!+"Z!+4(!/.4/3<( "!!(-"&4/2/-"4/3<(#%./3+..+.("35(/3A$&,"4/$3( ".(4$(*$:(4*+(.2*+,+(:$&>.
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nternational Journal of Community Currency Research 15 (2011) D 61-67
62