A local currency is a form of currency that is used in a specific geographic area or community, typically as an alternative to national currency. The purpose is to promote local economic development and support small businesses by encouraging people to shop and spend money within their community. Local currencies can also help to build community connections by promoting local trade and reducing the reliance on large corporations and national chains. Local currencies are usually designed to be used only within a specific area, and they may have restrictions on where they can be used, such as being accepted only by local businesses that have signed up to participate in the program.
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