What
Sardex is an innovative local currency system established in Sardinia, Italy, designed to stimulate the local economy, foster community ties, and contribute to sustainable development by providing an alternative to traditional monetary systems.
Who
Initiated by five local entrepreneurs. Since its inception, Sardex has gained significant traction, with over 4,000 businesses participating and generating a turnover of approximately €140 million.
Where & When
Originating in Sardinia in 2008.
Why
The creation of Sardex was driven by the desire to mitigate the adverse effects of the global financial crisis on Sardinia by establishing a self-sustaining economic system that encourages local trade and investment, reduces dependence on traditional credit sources, and supports community-based economic development.
How
Members can transact in the digital currency Sardex, receiving credits or incurring debits in their accounts, promoting a fluid exchange of goods and services without the reliance on external financial systems.
https://sailorsforsustainability.nl/portfolio/sardex-a-local-currency-for-a-circular-economy-ita/