Baltimore Group Creates Local Currency | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Baltimore Group Creates Local Currency

Play associated audio
An association in Baltimore wants to promote a currency that could be used instead of regular money at local businesses.
http://www.flickr.com/photos/free-stock/4792018574/
An association in Baltimore wants to promote a currency that could be used instead of regular money at local businesses.

Inside of a yoga studio that was once a factory in Baltimore's Hampden neighborhood, people are talking about a new system of paper money for the city of Baltimore.

Jeff Dicken is with Baltimore Green Currency Association, the group behind what's being called the BNote.

"A BNote is a paper currency...money by the people, for the people, and it can be accepted by anybody in the community who feels like they can circulate it," he says.

So far, 25 businesses in Hampden have signed on to accept the BNote. In theory, it works like this: you buy 11 BNotes for $10, which you can spend at participating local businesses just like your regular greenback.

Dicken is hoping that the BNote will eventually gain enough momentum to continue on after a buyer's initial purchase.

"We have the restaurants buying from local food producers from local farms, we have the farms buying from local hardware stores...it will create these supply chains that can lead to permanent circulation of the BNote," he says.

The design for the BNote will be revealed on Friday. The currency is scheduled to launch in April.

NPR

The 'Man Who Touched His Own Heart' Changed Medicine

Melissa Block talks to Rob Dunn about his new book, The Man Who Touched His Own Heart, a history of science and medicine's efforts to understand the working of the human heart.
NPR

Shake Shack Sizzles With IPO As McDonald's Fizzles

Shares of the burger chain shot up Friday, its first trading day. Shake Shack and other fast-casual joints are taking a bite out of McDonald's, which can't recast itself to fit the current trend.
WAMU 88.5

Krupicka Wants Landlords To Be More Transparent About Mold

The Northern Virginia delegate has introduced legislation to make sure renters have access to information about mold.
NPR

Media Outlets Partner With Snapchat To Appeal To Younger Users

As people disappear from the audiences of conventional news organizations, 11 media outlets have partnered with Snapchat in the U.S. to offer its younger users easily digested fare within the app.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.