Euro-RES

The Euro-RES is an alternative currency used in Belgium nation-wide.

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Web http://www.res.be/
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About the project Edit

The RES is a complementary currency used in Belgium in order to promote the local economy. Its value is attached to the Euro. To this date, there are more than 5,000 businesses and 100 000 consumers across Belgium who using RES. The volume of exchange of the RES system as of 2009 was of 34 millions of Euros.

Themes

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What is the social value of this project? Edit

Consumers have an increased purchasing power when they consume local goods, via the 10% rebate system, hence promoting the local economy. Businesses who use RES, on their side, benefit from a loyal consumer base that increase their turnover (3-5% increase).

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What is the business model of this project? Edit


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