Concept

Ithaca Hours

Summary
The Ithaca HOUR was a local currency used in Ithaca, New York, though it is now no longer in circulation. It was one of the longest-running local currency systems, and inspired other similar systems in Madison, Wisconsin; Santa Barbara, California; Corvallis, Oregon; and a proposed system in the Lehigh Valley, Pennsylvania. One Ithaca HOUR was valued at US$10 and was generally recommended to be used as payment for one hour's work, although the rate is negotiable. The currency Ithaca HOURS were not backed by national currency and cannot be freely converted to national currency, although some businesses did agree to buy them. HOURS were printed on high-quality paper and used faint graphics that would be difficult to reproduce. Each bill was stamped with a serial number, to discourage counterfeiting. In 2002, a one-tenth hour bill was introduced, partly due to the encouragement and funding from Alternatives Federal Credit Union and feedback from retailer
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.
Related publications

Loading

Related people

Loading

Related units

Loading

Related concepts

Loading

Related courses

Loading

Related lectures

Loading