The traditional financial system was hit hard by the crisis. Banks are searching for answers and firing their staff, whilst new institutions are emerging. Informal banking and local currency systems are presented as potentially complementary systems, or even as alternatives. What exactly are these community currencies offering that banks are not? How have these complementary currencies provided a way out of poverty, for example in Africa? Are local currencies an answer to the alienation caused by globalization?
Ruth Mwangi (Kenya) – Community Currencies & Grassroots Economics
Roel Wolfert (Netherlands) – Rotterdam Community Currency Qoin