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What are LETS?
Developed in the 1980s and now well-established world-wide,
a Local Exchange Trading System is a formalisation of the long tradition of self-help that people
use in times of economic difficulty.
By establishing a non-Sterling local currency, many see LETS schemes as providing access to
mutual support in the local community and as a means of doing enjoyable work to be proud of.
We can also consider LETS to be in line with the modern Transition Movement.
In Bristol LETS we call our local 'pretend' currency Ideals, and trade
at a Standard Rate of 5 per hour ... see why 5.
Members add what they want to offer to other members (eg services, skills
and advice, goods and loans of goods, general labour etc) and how much they
plan to charge, to the group's What's
on Offer list. Likewise, if they need something they could add
things to What's Wanted.
If (as a member) you want a job done, you contact someone offering what you
want by searching in in the What's
on Offer screen and negotiate a 'price' in Ideals. Or if
you need Ideals look in the What's
Wanted screen and make someone's day.(note: You may browse the Offers
and Wants now, but until you are a full member contact details are hidden.)
So, to summarise: We Trade, We socialise and share news
We are open and democratic We are currently local to all Bristol,
but in the future plan to enable localisation down to a neighbourhood level
as well.
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