Ithaca HoursIthaca Hours
is a local currency
in Ithaca, New York
. It is notable as one of three monetary reform
measures named as viable alternatives to Bretton Woods
by United Nations
conferences (the other two being UNILETS
and the Global Resource Bank
The first prototypes were designed in 1991 by Ithaca resident Paul Glover, now notable as a figure in the Green Party of the United States and a potential 2004 Presidential candidate for that party.
Ithaca Hours has spawned, inspired, and helped many copycat local currency programs.
Grants and microloans of HOURS are made to community members, who have traded millions of dollars value of their own paper money.
See also; Time-based currency, LETS.