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Barter and alternative currencies flourish in crisis-ridden Spain

Posted on 15 May 2013

The “mora” is one of many people’s currencies springing up in Spain as the economic crisis advances, inspired by old methods such as barter or time-banks. The mora has been around now for a year, and there are over 400 users throughout some 10 municipalities in the Sierra Norte de Madrid region. Several establishments have also signed up to accept payment in moras.
The moras system follows the Local Exchange Trading Scheme or LETS model that aims to reduce the negative consequences of globalisation in local economies………………………………………Full Article: Source


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