Community Currency Under Attack

IRTA Community Currency, Complimentary Currencies

An Informal Currency for Slum-Dwellers, or a Nefarious Separatist Plot? Nairobi | 06/18/2013 11:41am JASON PATINKIN | INFORMAL CITY DIALOGUES Bangla-Pesa notes, an alternate currency that helps stabilize slum-dwellers’ finances. Emma Onyango is a 40-year-old widow who supports eight children in a slum called Bangladesh near the Kenyan coastal city of Mombasa. Only one child, a 14-year-old daughter, is hers. …

Kenyan Authorities Mistake a New Local Currency for a Separatist Movement

IRTA Complimentary Currencies

They were in the wrong slum at the wrong time. Two weeks ago, members of a Kenyan non-profit group working to improve conditions in an impoverished settlement outside of Mombasa were arrested and thrown in jail. Their crime? Setting up a local currency for businesses in the slum—known as Bangladesh—to make the exchange of goods and services easier. The group, …