CURRENCY BUILDER

Global Barter / Europe / G033

Europe · Volos, Magnesia, Greece · G033

Volos Exchange

Residents trading on a shared ledger as austerity cut incomes.

Front of Volos Exchange: 10 Olives, inspired by TEM of the Magnesia Exchange and Solidarity Network, with actual Noun #77
Front · 150 × 75 mm
Back of Volos Exchange: the TEM of the Magnesia Exchange and Solidarity Network tradition, how a note would work, and the traits of Noun #77
Back · the tradition

Security Edition v2

The same note set like a banknote: full engraved portrait of Noun #77, guilloche, watermark, thread, foil stripe and microtext, all printed art. What's on it

Security Edition front of Volos Exchange: a line-engraved portrait of the full actual Noun #77 in a guilloche oval beside a watermark window, thread and holographic-look stripe
Security Edition · front
Security Edition back of Volos Exchange: a color medallion of Noun #77 in a guilloche rosette, with the note's story
Security Edition · back
v2 front SVG ↓ v2 back SVG ↓

The tradition · since 2010

TEM of the Magnesia Exchange and Solidarity Network

The TEM network began in Volos in 2010 as Greece's debt crisis cut incomes; members trade on an online ledger in units valued at one euro, and within a year it had hundreds of members.

Source: Modern Greeks Return To Ancient System Of Barter (NPR, 29 Nov 2011) ↗

How a note would work

Residents earn Olives by offering goods or services on a shared online ledger and spend them on other members' offers, with no interest on balances. Olives are never bought or cashed out.

Design concept inspired by this tradition, not issued by or for the people who keep it. Not legal tender, not for sale, no cash value, no redemption and no investment rights.

Front SVG ↓ Back SVG ↓ Machine edition
  • PlaceVolos, Magnesia, Greece
  • Erasince 2010
  • RegionEurope
  • UnitOlive · Olives
  • Face value10 Olives
  • SerialGB-G033-N0077
  • NounActual Noun #77 ↗
  • Why this NounA second calculator for a second ledger, this one kept by neighbours through hard times.
  • Headcalculator
  • Glassessquare fullblack
  • Bodyblue sky
  • Accessorystripes and checks
  • Seedbg 0 · body 2 · acc 88 · head 29 · glasses 7