Many trades do not require precious national currency or even a regional currency like an Auckland currency. At the community level a variety of currencies are possible and the X Party would encourage diversity. The recent spread of timebanks, where members in a community help each other and pay in Hours, is encouraging because it helps with building social capital and strengthens that community. Everyone’s Hours are equal. Organisations can join and teaching and learning can occur. The establishment of timebanks in every community would be encouraged so that people can exchange skills on an equal basis. Timebank coordinators would be funded. In this way community building can be fostered at local level for minimal cost.
Local Economic Trading Systems like the ones in Golden Bay and Wairarapa will be encouraged.
Local communities can establish local vouchers for the exchange of goods in their district. Local businesses would accept local vouchers backed by a certain quantity of goods produced in the area. One model for success is the Chiemgauer in Germany.