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'BerkShares' http://www.berkshares.org is a local currency that circulates in the Berkshires region of Massachusetts.
The current exchange rate for BerkShares is 1 BerkShare for 90 U.S. cents. BerkShares are traded for US dollars at 12 local bank locations in the area. As of August 2007, 280 businesses were formally listed on the BerkShares website to accept the currency. Other businesses participate informally. Listed businesses are identified by window stickers and joint promotional material. Exchange occurs between customers and businesses and between businesses. Excess BerkShares may be traded in for US dollars at participating banks at the current exchange rate. Some businesses place limits on their use — the co-op market in Great Barrington lets patrons pay for only 50% of their bill with BerkShares, thereby adjusting the discount to 5%.
Approximately one million, ninety-five thousand BerkShares were issued through participating banks in the first eleven months of operations, worth $985,500 USD.[1]
BerkShares were launched September 29, 2006.[2] The bills were designed by John Isaacs[3] and are printed by Excelsior Printing on special paper with incorporated security features from Crane and Company.[4]
BerkShares are printed in 1, 5, 10, 20, and 50 BerkShare denominations, and feature images of local people.
★ The 1 BerkShare note uses a portrait of a Mohican, the original inhabitants of the area.
★ The 5 BerkShare note uses a portrait of W. E. B. DuBois, a civil rights leader born in Great Barrington.
★ The 10 BerkShare note uses a portrait of Robyn Van En, local community leader, died in 1997.
★ The 20 BerkShare note uses a portrait of Herman Melville, the author of Moby Dick, written in Pittsfield%2C Massachusetts.
★ The 50 BerkShare note uses a portrait of Norman Rockwell, a painter who lived in Stockbridge, Massachusetts
1. New age town embraces dollar alternative
2. Official press release
3. Description of currency
4. About the designer
★ The website of the Berkshares, Inc. the issuing organization of Berkshares
★ Making Money: Town Prints Up Its Own Currency
The current exchange rate for BerkShares is 1 BerkShare for 90 U.S. cents. BerkShares are traded for US dollars at 12 local bank locations in the area. As of August 2007, 280 businesses were formally listed on the BerkShares website to accept the currency. Other businesses participate informally. Listed businesses are identified by window stickers and joint promotional material. Exchange occurs between customers and businesses and between businesses. Excess BerkShares may be traded in for US dollars at participating banks at the current exchange rate. Some businesses place limits on their use — the co-op market in Great Barrington lets patrons pay for only 50% of their bill with BerkShares, thereby adjusting the discount to 5%.
Approximately one million, ninety-five thousand BerkShares were issued through participating banks in the first eleven months of operations, worth $985,500 USD.[1]
| Contents |
| History |
| Denominations |
| References |
| External links |
History
BerkShares were launched September 29, 2006.[2] The bills were designed by John Isaacs[3] and are printed by Excelsior Printing on special paper with incorporated security features from Crane and Company.[4]
Denominations
BerkShares are printed in 1, 5, 10, 20, and 50 BerkShare denominations, and feature images of local people.
★ The 1 BerkShare note uses a portrait of a Mohican, the original inhabitants of the area.
★ The 5 BerkShare note uses a portrait of W. E. B. DuBois, a civil rights leader born in Great Barrington.
★ The 10 BerkShare note uses a portrait of Robyn Van En, local community leader, died in 1997.
★ The 20 BerkShare note uses a portrait of Herman Melville, the author of Moby Dick, written in Pittsfield%2C Massachusetts.
★ The 50 BerkShare note uses a portrait of Norman Rockwell, a painter who lived in Stockbridge, Massachusetts
References
1. New age town embraces dollar alternative
2. Official press release
3. Description of currency
4. About the designer
External links
★ The website of the Berkshares, Inc. the issuing organization of Berkshares
★ Making Money: Town Prints Up Its Own Currency
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