Advocates like Jane Jacobs argue that this enables an economically cool yet depressed vicinity to pull itself higher, by yielding the population residing there the medium of exchange that it may utilise to exchange services & locally-produced goods (Within a broader feel, this is the original purpose of 100% money.) Opponents of this concept argue that local currency creates the barrier which might interfere using economies of scale and comparative advantage, and that around a select few shells it could help as a means of tax evasion.

Local currencies can likewise inherit existence whilst there exists economic turmoil involving a national currency. An lesson of this is the Argentine economic crisis of 2002 in which IOUs issued by local governments quickly took on a few of the characteristics of local currencies.

Modern Local Currencies
Africa America Argentina Argentino Crédito LECOP Patacón Brazil Curitiba Bonus Sabre Canada USA Asia Japan Hureai kippu Eco-Money WAT System Hong Kong COME Europe France SEL - Système d’Echange Local Troc de Services Germany Berliner Chiemgauer Joytopia Tauschring Italy Banca del Tempo EcoAspromonte REL Rete di Economia Locale Simec Sistema di Reciprocità Indiretta Switzerland WIR UK LETS - Local Exchange Trading Systems Time bank Oceania Unclassified Flash Cash Green dollar Interdependant Occupational Unit Interser Ndajem-Wecco RGT - Red Global del Trueque ROCS - Robust Complementary Community Currency System RERS - Réseaux d’Echange Réciproque first state Savoirs Rumihuaico Salta Creditos Systèmes d’Echanges Communitares Thay Gerh Tianguis Tlaloc Toctiuco Tontines Yogyakarta System

Historical Local Currencies
Emperor Norton's own currency Prosperity Certificate WARA