| Follow Us:


Local entrepreneurs hope intro of BNote currency will encourage shoppers to keep it local

You're at the checkout counter at a local retailer and instead of pulling out a pile of greenbacks -- U.S. government issued $1s, $5s, $10s or $20s -- you hand the cashier a bunch of BNotes. That's the scenario two local entrepreneurs hope to see play out soon across Baltimore.

Here's an excerpt:

"Baltimore may soon have its own local currency, or scrip, if Jeff Dicken of the Baltimore Green Currency Association has his way. Next spring Dicken, with partner Michael Tew, is planning to launch the BNote, a form of money that can only be spent locally. The object, Dicken said, is to have the money stay in the local community and help the community grow economically.

"A bunch of us realized that there is a real need for economic options in Baltimore City," Dicken told the AFRO. "A local currency provides a way for residents to support their own community and their own local merchants. And it makes them think twice about where they spend their money, whether they want to support their neighbors, the local merchants, or whether they want to support national chains that may be taking the money and booking it as profit in Delaware or Texas."

Read the entire article here.

Signup for Email Alerts
Share this page
Signup for Email Alerts