Thursday, 5 May 2011

Alternative Economies : Local Currencies

The Bijlmer Euro project with artist Christian Nold

The project explores how a local currency can make a local economy more resilient to outside corporations.  The currency is a euro note with an RFID (radio frequency identification) tag stuck to it which is removalable.  The RFID  tagged euro allows it to be exchanged locally providing discounts in local stores as opposed to large supermarkets.  The RFID tags make it possible to trace the movement of that specific euro, making it apparent how money moves in one area.

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