LETS are local community-based networks. People exchange goods
and services without using money.
LETS were invented in Canada and are now the most
widely used model for community currency systems in the world. There
are LETS in the UK, USA, Canada, Australia, New Zealand and Ireland.
LETS use 'community credits' as people do
not have to make direct exchanges. People earn LETS credits
a service and can spend their credits on whatever is offered
by other people in the scheme.
This could be childcare, transport, food or home
There are about 300 LETS schemes in the UK, involving
The national organisation for LETS is LETSLINK
UK. You can visit the web site on: www.letslinkuk.net
For details of credit unions (a kind of community-based bank)