Community Exchange System
The Community Exchange System (English for ' exchange ring system', abbreviation CES ) is a globally available, community-based network of complementary currencies . Its organizational units are independent local exchange groups in many countries. The exchange rings are connected to one another through the CES website, which also allows exchange operations on a global level. This exchange takes place without the use of commercially available money . Each exchange ring has its own "currency", which records the transferred values between the exchangers in an account system. Most barter rings operate on a mutual credit basis while others are run as a time bank . Some also use paper currencies as a portable form of electronic credit.
The Community Exchange System was founded by Tim_Jenkin as the Cape Town Time Bank in February 2003 and, according to his own statements, consisted of 493 individual exchange rings in 53 countries at the beginning of 2013. CES is the first and so far only worldwide network for exchange rings using complementary currencies.
New users can register with a local exchange ring, either physically or directly online, and this opens an account for them in the CES with this exchange ring. This account gives users access to a market sorted by category, where they can offer their goods and services or offer them in response to requests made there. New and existing exchange rings and time banks can register in the CES and become part of the global exchange network or function as a closed user group.
Web links
Individual evidence
- ↑ Bendell, Jim and Thomas Greco (2017). Currencies of transition. In: The necessary transition - The journey towards the sustainable enterprise economy, Routledge, 2017. ISBN 9781351276504
- ^ New Germany: To Another Society , November 12, 2011