Bavaria's Chiemgauer: A regional currency that started in a high school and now helps cut carbon emissions
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Summary
The article describes the Chiemgauer, a regional complementary currency used in Bavaria's Chiemgau region by about 4,200 people and 300 businesses. Started in 2003 by a high school to support local businesses against big chains, the currency circulates approximately 5 million units annually (pegged 1:1 to the euro). It features professionally printed banknotes with security features and has evolved into a tool for reducing carbon emissions.
Key quotes
· 5 pulledAround 10–15% of customers pay with it in local shops.
The currency began in 2003 at a high school in response to local businesses losing customers to malls and big chains.
Five million Chiemgauers are spent annually, with 1 euro equaling 1 Chiemgauer.
Notes are professionally printed with watermarks and anti-counterfeiting features.
The system has evolved into a tool for cutting carbon emissions.
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