Comments on: Local Currencies: What’s In It For You? http://www.wealthjunkies.com/money/local-currencies-whats-in-it-for-you/ Debt, Credit, Investing, and Money Wed, 10 Mar 2010 03:08:24 -0500 http://wordpress.org/?v=2.8.1 hourly 1 By: thursday http://www.wealthjunkies.com/money/local-currencies-whats-in-it-for-you/comment-page-1/#comment-67198 thursday Mon, 20 Apr 2009 01:04:56 +0000 http://www.wealthjunkies.com/money/local-currencies-whats-in-it-for-you/#comment-67198 @Mark, From what I understand — and I'm the first to admit that I'm not a fiscal scholar — that legal tender is anything that can be offered to cover a debt. There are some differences between jurisdictions on what legal tender constitutes. However, to clarify, local currencies are legal to be used. I know some people operate under the assumption that they can't use anything but national currencies. @Mark, From what I understand — and I’m the first to admit that I’m not a fiscal scholar — that legal tender is anything that can be offered to cover a debt. There are some differences between jurisdictions on what legal tender constitutes.

However, to clarify, local currencies are legal to be used. I know some people operate under the assumption that they can’t use anything but national currencies.

]]> By: Mark Herpel http://www.wealthjunkies.com/money/local-currencies-whats-in-it-for-you/comment-page-1/#comment-67195 Mark Herpel Sun, 19 Apr 2009 22:49:35 +0000 http://www.wealthjunkies.com/money/local-currencies-whats-in-it-for-you/#comment-67195 Nice article, but you have this fact wrong, "Local currencies are legal tender, as long as they aren’t made to look like the national currency." Local currencies are NEVER legal tender, they are voluntary and not required to be accepted. CC's are catching on big around America. Mark editor@ccmag.net Skype IM 'digitalcurrency' Nice article, but you have this fact wrong,

“Local currencies are legal tender, as long as they aren’t made to look like the national currency.”

Local currencies are NEVER legal tender, they are voluntary and not required to be accepted. CC’s are catching on big around America.

Mark
editor@ccmag.net
Skype IM ‘digitalcurrency’

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