TEM (currency)
| TEM | |
|---|---|
| Τοπική Εναλλακτική Μονάδα | |
| Central bank | None. (Local exchange trading system) |
| Website | http://www.tem-magnisia.gr/ |
| Date of introduction | circa 2010 |
| Source | New York Times |
| Official user(s) | None |
| Unofficial user(s) |  Greece (region of Magnesia)
|
| Nickname | TEM |
TEM (Greek: Τοπική Εναλλακτική Μονάδα ("Alternative Monetary Unit"); abbrv: TEM[3] ) is a local exchange trading system (LETS) popular in Volos, Magnesia, Greece.[4][5][6][7]
See also
- European sovereign-debt crisis
- Local exchange trading system
- Ovolos, a similar system in Patras, Greece.
References
- ^ Donadio, Rachel (2011-10-01). "Battered by Economic Crisis, Greeks Turn to Barter Networks". New York Times. Retrieved 10 October 2012.
- ^ Lowen, Mark (2012-04-11). "Greece bartering system popular in Volos". BBC News Europe.
- ^ McCartney, Kelly (2012-05-05). "Greek town creates its own alternative currency". Retrieved 10 October 2012.
- ^ "Ditch the euro? As crisis swirls, many Greeks already are with alternate currency scheme". Washington Post. 2012-05-21. Archived from the original on 2012-05-22. Retrieved 21 May 2012.
- ^ Henley, Jon (2012-03-16). "Greece on the breadline: cashless currency takes off". The Guardian. Retrieved 10 October 2012.
- ^ "'People need some way out': Bartering takes hold in austerity-wracked Greece". NBC World News. 2012-06-15. Retrieved 10 October 2012.
- ^ Lowen, Mark (2012-04-11). "Greece local exchange trading system (LETS) popular in Volos". BBC News Europe. Retrieved 10 October 2012.
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