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Local German currency could be a model for Greece

Posted on 08 November 2011

An alternative currency introduced in a wealthy German region as a school project eight years ago has turned into a hot commodity thanks in part to the euro zone crisis with 600 businesses and 3,000 people trading ‘Chiemgauers’ instead of euros.
The ‘Chiemgauer’ — named after the southern Bavaria region around Rosenheim — comes in paper notes with face values of 1 to 50. The notes are convertible at local shops and have a fixed exchange rate of 1:1 with the euro………………………………………..Full Article: Source


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