Multiple communities around the
world issuing their own currency,
working with banks and other institutions,
and it's typically at a fixed exchange
rate to the country's currency.
Well, now at DeKalb County,
community is working to do the same 11 lives.
Don White has more now on how it will work.
The Continental Congress
authorized US currency in 1775.
Fast forward more than 300
years later and a new form of
local currency will come into
color here in Stonecrest. So
many people may be shocked to know that
it's not illegal to make your own money,
so to speak, as long as you're
not counterfeiting US currency
right slab in a cubby and chromo with
stonecrest sustainable enterprises
is working with the Schumacher
Center for a new economics.
For stonecrest to have its own currency,
I thought it would be great
to call it the granite because Stonecrest
and many of the other towns in this
area Stone Mountain like throwing
your are all be holding onto the
quarry industry that used to be on the
dominant economic driver in this area.
Stonecrest currency will be modeled
after Berkshires local currency in
the Berkshire region of Massachusetts.
This is what Berkshires look like in the
currency here will look similar as colorful
notes in four to five denominations.
That currency has proven itself an
effective tool to connect citizens
there with their businesses and to
circulate wealth within that community
and to stimulate economic development.
Several small business owners in
Stonecrest already say they
want to cash in on the idea.
I thought it was a really
good idea. I mean, when you think
about having your own currency and the
circulation of it and keeping tabs
on what's coming and what's going on,
I just I was really excited, especially
as a farmer.
I was first excited to hear about it.
It's exciting news for at least
our own area to have our currency,
which can circulate our own dollars.
And we could share and grow amongst
each other in chroma plans to create
an electronic version of the currency
for people to pay businesses
like these and stonecrest.
The goal is to launch the
local currency in six months.