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LETS stands for
Local Exchange Trading System. The exchange
need not be a direct swap of skills because How does it work? You find who
does the job you want in the Pink Pages Directory You agree on a rate for the job, in points (usually one point is roughly equivalent to one dollar) The points for the job are transferred between your account and the other account through the central bank Those points can be used by you to pay for another exchange Yearly membership is $25 for a single person or $35 for a household, plus everyone contributes 10 points per month (or one hours work) towards administration Concession rates are available: $15 single or $25 household. |