I am in the process of writing The Complementary Currency Handbook. This book provides important guidance in addressing critical issues that relate to the creation and management of complementary currencies and credit clearing exchanges.
Here are some basic questions that need to be asked about ANY currency:
- Who is the issuer?
- How is it issued into circulation?
- What is the basis (foundation) of issue?
- What is the amount currently in circulation?
- What are the terms of the (explicit or implied) contract offered by the issuer to the users of the currency, i.e.,
What does the issuer promise?
What is the form of redemption?
What are the limits, if any, on the amount that may be issued?
What is the duration of the contract? Is there an expiration date?
Are there any fees, conditions, or limitations associated with redemption?