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Made in Germany | A Regional Currency
Posted
August 12, 2009
Views
13,746
Likes
160
Comments
21
Engagement
1.32%
August 12, 2009
13,746
160
21
1.32%
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6:27Now PlayingThe Cherry Blossom,Plenty and Chiemgauer are just some of the names given to regional currencies that have seen a boom during the global financial crisis.The Chiemgauer,introduced in Bavaria's Chiemgau region five years ago,is the most successful in all of Europe.Many economists scoffed at or dismissed the Chiemgau's regional currency as a tourist gag. But now more than 600 companies use the currency to pay their bills. Regional curriencies help local businesses - not the international financial markets. Reporter Vanessa Fischer traveled to the town of Traunstein to find out what makes the Chiemgauer so attractive.
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