Sir Ken Robinson is not just an amazing orator — he is the most-viewed speaker on TED.com. His three talks have been viewed an astounding
21.5 million times, making him the sneezing baby panda of the TED ecosystem. Naturally, this made us curious.
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organizations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses.
Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database.