Example of A Fully Funded Complementary Currency
The Toronto dollar system is fully funded by (i.e. backed by) Canadian dollars. Participating merchants are free to exchange the Toronto dollars for Canadian dollars.
In addition to being supported by any number of social activists, including philosophers, clergy, artists, etc., it is fully supported by a growing number of political leaders, past and present, including, over the years, several mayors of Toronto.
Read more about this topic: Complementary Currency
Famous quotes containing the words fully and/or currency:
“...here he is, fully alive, and it is hard to picture him fully dead. Death is thirty-three hours away and here we are talking about the brain size of birds and bloodhounds and hunting in the woods. You can only attend to death for so long before the life force sucks you right in again.”
—Helen Prejean (b. 1940)
“Money is the worst currency that ever grew among mankind. This sacks cities, this drives men from their homes, this teaches and corrupts the worthiest minds to turn base deeds.”
—Sophocles (497–406/5 B.C.)