By CAPosts 19 January, 2021 - 01:04am 63 views
Paula Daniëlse / Getty Images
In 2013, a Bilbao cooperative put its own currency into circulation to “regain control of money”. With this local currency, they intended to strengthen small businesses in the Old Quarter of Bilbao and, in the words of Miguel Ángel González, one of the promoters of the project, to achieve "that the economy could function in a more cooperative, not so competitive way" . But those tangible bills baptized as Ekhi bonds fell short of them: they prevented them from reaching new territories, establishing new forms of exchange and, ultimately, growing more ambitiously. “The quantity ...
Log in to continue reading
Just by having an account you can read this article, it's free
Register Start
Session Thank you for reading EL PAÍS
Source: Elpais
Related News
- The molecule that has saved the lives of hundreds of thousands of covid patients
- The twilight of the era of tech titans
- The spy pixel dilemma: when using email tracking systems is illegal
- An Extremaduran town will host the largest computer history museum in Spain
- The Spanish woman who invented the awnings that generate energy
