WIR Bank

Services > Finance
2011-03-28 21:53:18
The WIR Bank, formerly the Swiss Economic Circle (GER: Wirtschaftsring-Genossenschaft), or WIR, is an independent complementary currency system in Switzerland that serves small and medium-sized businesses. It exists only as a bookkeeping system, with no scrip, to facilitate transactions.
Alternative currencies, monetary systems
WIR Bank
Websitehttp://www.wir.ch
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Details
Status of the projectAlthough WIR started with only 16 members, today it has grown to include 62,000, among whom is traded approximately CHF 1.65 billion annually (as of 2004). The available money supply (currency code CHW) was 839 million equivalent Swiss francs (as of 2005).
Peer-to-peer topologyNo
Single central authorityYes
Uses cryptographyNo
APINo
LanguagesGerman, French, Italian
LicensePrivate
Founded1934
Founder(s)Werner Zimmermann, Paul Enz
OriginSwiss
Wikipediahttp://en.wikipedia.org/wiki/WIR_Bank
HistoryWIR was founded in 1934 as a result of currency shortages after the stock market crash of 1929. Both Zimmermann and Enz had been influenced by German libertarian economist Silvio Gesell; however, the WIR Bank renounced Gesell's "free money" theory in 1952, opening the door to monetary interest.
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  • 2011-03-28 21:14:56
    2011-03-28 21:53:18
  • Finance
    English
  • Public
    Public
  • Creative Commons License CC-BY-SA 3.0 / GNU FDL

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