TEM (currency)

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][8]

TEM
Τοπική Εναλλακτική Μονάδα (Greek)
ISO 4217
Codenone
Unit
NicknameTEM
Demographics
Date of introductioncirca 2010New York Times
Official user(s)None
Unofficial user(s) Greece (region of Magnesia)
  • 50 members (2010)
  • 400 members (October 2011)[1]
  • 800 members (April 2012)[2]
Issuance
Central bankNone. (Local exchange trading system)
 Websitewww.tem-magnisia.gr

See also

References
  1. Donadio, Rachel (2011-10-01). "Battered by Economic Crisis, Greeks Turn to Barter Networks". New York Times. Retrieved 10 October 2012.
  2. Lowen, Mark (2012-04-11). "Greece bartering system popular in Volos". BBC News Europe.
  3. McCartney, Kelly (2012-05-05). "Greek town creates its own alternative currency". Archived from the original on 2012-10-10. Retrieved 10 October 2012.
  4. "Ditch the euro? As crisis swirls, many Greeks already are with alternate currency scheme". Washington Post. 2012-05-21. Retrieved 21 May 2012. Alt URL
  5. Henley, Jon (2012-03-16). "Greece on the breadline: cashless currency takes off". The Guardian. Retrieved 10 October 2012.
  6. "'People need some way out': Bartering takes hold in austerity-wracked Greece". NBC World News. 2012-06-15. Retrieved 10 October 2012.
  7. Lowen, Mark (2012-04-11). "Greece local exchange trading system (LETS) popular in Volos". BBC News Europe. Retrieved 10 October 2012.
  8. Roberts, Nadim (2015-08-13). "Alternative Currencies Flourish in Greece as Euros Are Harder to Come by". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-02-08.
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