June 29, 2013     Permalink economy Submitted by Michael Dewey

Tweet:
The Crime of Alleviating Poverty -- A Local Community Currency Battles the Central Bank of Kenya: click here

The Legal Debate: Mutual Credit or Counterfeiting?

If the Kenyan court follows the example of Brazil, this could be the beginning of a promising new approach to poverty reduction in Africa. The Bangla-Pesa is backed by local resources, and the villagers were very happy to have it in order to move their products and buy the surplus of others within their community.