Computerised records are kept of all transactions and an account is sent out to members twice annually. This fund is made up of ECO contributions from LETS members. It is designed to provide skills and services to people in the local community who, due to their frail age or disability, may not be able to contribute to the system. The variety of goods and services is as varied as the members at any given time. As the amount of money circulating decreases, so does trading.
Businesses fail and people are unemployed.
Not because they have nothing to offer. Simply because there is no money to go around. By supplementing the conventional cash flow with a local currency, the community can maintain a sustainable economy. Simply telephone or call in and obtain an application form, plus more detailed information about how LETS operates. Website by David Martin .