Ticatsu Local Currency Expands In Reunion Island
A new local currency named Tikatsu has begun circulating on Reunion Island this week. Created by the Noutemonnaie association, the currency is designed to stimulate the local economy by favoring short supply chains and territorial solidarity. The exchange rate is set at one euro per one Tikatsu. Local citizens and merchants in Saint-Paul have begun testing the system to support social and solidarity economy actors. The currency is currently usable in nearly 30 businesses. The association Loutemonnaie aims to use the currency to maximize the use of local resources and increase territorial wealth. The project intends to expand the currency's circulation across the entire island. Laurent Payet, co-president of the Loutemonnaie association, stated the currency helps maximize the use of local resources and encourages territorial residency.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
France Inter
“Une nouvelle monnaie circule sur l'île de la Réunion depuis cette semaine. La monnaie Pays, la Tikatsu, a été créée par l'association Noutemonnaie.”
France Inter
“It is necessarily a currency that will circulate in the territory and in fact we have noted that the more it circulates the more wealth is created.”
France Inter
“Utilisable dans près de 30 commerces, le Ticatsu ambitionne désormais de s'étendre sur toute l'île.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade