Sydney LETS (Local Energy Trading System) is an alternative trading network made up of individuals who trade goods and services using a community currency called “Operas” instead of federal dollars.
To improve members’ quality of life by providing, managing, promoting and supporting an alternative trading system.
Better than Barter
Barter is a simple one-to-one exchange - I cook for you in return for you digging my garden.
LETS is different - I cook for John; John digs Mary’s garden; Mary cuts Joe’s hair; Joe fixes Lenny’s car; Lenny sells me vegetables and so on around the system…
Each of these trades is paid for in operas and recorded in a central ‘bank’.
Non exploitative, non profit, strengthens community values and relationships, promotes self-sufficiency and supports sustainability, prevents stuff from going to landfill, gets neglected jobs done, potential to inter-trade with other LETS communities, meet like minded people, build and be a part of the local community.
Trade is no longer limited by the availability of cash
LETS is a “parallel economy” supporting local communities and empowering individuals.
Find out more at http://www.auslets.org/sydney/