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A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals.

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55-566: The Exeter pound (£E) was a form of local complementary currency , or community currency launched in Exeter , UK on 1 September 2015. Its objective was to ensure more money was spent with local and independent businesses. It was one of the many alternatives in the UK to the official sterling currency. It was discontinued on 30 September 2018. Previous to the Exeter Pound, local currencies were launched in

110-801: A continuation of the Apennines of Abruzzo: the Reatini Mountains with Terminillo (2,213 m), Mounts Sabini, Prenestini , Simbruini and Ernici which continue east of the Liri into the Mainarde Mountains . The highest peak is Mount Gorzano (2,458 m) on the border with Abruzzo. The region's climate , monitored by several dozen meteorological stations (many of which managed by the Lazio Regional Hydrographic and Mareographic Office), shows considerable variability from area to area. In general, along

165-518: A land area of 17,242 km (6,657 sq mi) and it has borders with Tuscany , Umbria , and Marche to the north, Abruzzo and Molise to the east, Campania to the south, and the Tyrrhenian Sea to the west. The region is mainly hilly (56%) and mountainous (26%), with some plains (20%) along the coast and the Tiber valley. The coast of Lazio is mainly composed of sandy beaches, punctuated by

220-724: A limited part of the current region, between the lower course of the Tiber , the Tyrrhenian Sea , the Monti Sabini and the Pontine Marshes . At the end of the World War II and the fall of the Fascist regime , from the end of the 1950s Lazio and Italy saw rapid economic growth , in particular in Rome it is remembered as the period of the " Dolce Vita " in which Rome was the fulcrum of worldly life, of

275-491: A local currency will ultimately result in a decline in economic activity and lead to a destabilization of the economy. This is due to the increased circulation velocity of the money as the amount in circulation decreases (as currencies as Freigeld reduce in value rapidly). There are some complementary currencies that are regional or global, such as the Community Exchange System , WIR and Friendly Favors, Tibex in

330-660: A number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary currencies used within a single economic sector, such as education or health care. Many private currencies are complementary currencies issued by private businesses or organizations. Other terms include alternative currency , auxiliary currency , and microcurrency. Mutual credit

385-422: A population of 5,714,882 million (as of 31 December 2021), Lazio is the second-most populated region of Italy. The overall population density in the region is 341 inhabitants per km . However, the population density widely ranges from almost 800 inhabitants per km in the highly urbanized Rome metropolitan area to less than 60 inhabitants per km in the mountainous and rural province of Rieti . As of January 2023,

440-549: A vast alluvial plain surrounding the city of Rome, with an area of approximately 2,100 km (811 sq mi). The southern districts are characterized by the flatlands of Agro Pontino , a once swampy and malarial area, that was reclaimed over the centuries. The Preapennines of Latium, marked by the Tiber Valley and the Liri with the Sacco tributary, include on the right of

495-430: Is pasta . Dishes first attested inside the region's borders include: Guanciale is used in several sauces. Guanciale is the cut of pork obtained from the cheek of the pig, crossed by lean veins of muscle with a component of valuable fat, of a composition different from lardo ("back fat") and pancetta ("belly fat"): the consistency is harder than pancetta and it possesses a more distinctive flavor. Guanciale

550-516: Is a considerable proportion, but is justified by the presence of Rome, which is the core of public administration, media, utility, telecommunication, transport, tourism and other sectors. Many national and multinational corporations, public and private, have their headquarters in Rome ( ENI , Italiana Petroli , Enel , Acea , Terna , TIM , Poste italiane , Leonardo , ITA Airways , Ferrovie dello Stato Italiane , RAI ). Lazio's limited industrial sector and highly developed service industries allowed

605-438: Is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency. Barters are another type of alternative currency. These are actually exchange systems, which trade only items, without the use of any currency whatsoever. Finally, LETS is a special form of barter that trades points for items. One point stands for one worker-hour of work, and

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660-403: Is a thriving sector especially as regards tourism linked to art and monuments and places of interest in the region ( Rome in particular), religious tourism (Rome and the sanctuaries of Lazio), summer seaside tourism especially in upper and lower Lazio ( Santa Marinella , Ladispoli , Anzio , Nettuno , Sabaudia , San Felice Circeo , Terracina , Sperlonga , Gaeta ) and summer/winter tourism in

715-757: Is also the capital and largest city of Italy, and completely encircles Vatican City . Lazio is rich in a multi-millennial heritage: it was the home of the Etruscan civilization , then stood at the center of the Roman Republic , of the Roman Empire , of the Papal States , of the Kingdom of Italy and of the Italian Republic . The historical, artistic, cultural, architectural, archaeological and religious heritage of Lazio

770-744: Is even less with 7%, compared with 12% from tourism. Since a large part of Lazio's GDP is produced by the service sector , with high value added . Firms are often small to medium in size and operate in the There is some R&D activity in high technology : IBM ( IBM Rome Software Lab ), Ericsson , Leonardo Electronics (Rome-Tiburtina, Rome-Laurentina, Pomezia , Latina ), Rheinmetall ("Radar House") and tire industry: Bridgestone (R&D center in Rome and proving grounds in Aprilia ). The most distinctive industry in Lazio

825-585: Is immensely vast and rich in cultural diversity. Some of the greatest artists and historical figures lived and worked in Rome, particularly during the Italian Renaissance period, such as Donato Bramante , Raphael , Leonardo da Vinci , Filippo Brunelleschi , Donatello , Michelangelo , Caravaggio , Gian Lorenzo Bernini , Francesco Borromini , Pietro da Cortona , Johann Wolfgang von Goethe , Peter Paul Rubens , Anthony van Dyck and Diego Velázquez . In remote antiquity, Lazio ( Latium ) included only

880-561: Is one of the most visited regions in Italy and Europe and one of the first in terms of number of international presences. Rome is the most visited city in Italy with around 30 million visitors per year. Among the most visited sites of interest include the Colosseum and Imperial fora , Castel Sant'Angelo and the complex of Hadrian's Villa and Villa d'Este , among the museum itineraries the Pantheon ,

935-482: Is production of household chemicals, pharmaceutical, hygiene goods and medical products: Sigma-Tau , Johnson & Johnson , Procter & Gamble , Colgate Palmolive , Henkel , Pfizer , Abbott , Catalent , Angelini , Menarini , Biopharma, Wepa . From fruits the most important are kiwifruit (1st place in Italy) and hazel nuts "Nocciola romana". Italy itself is the second largest producer of kiwifruit worldwide and

990-419: Is salted pork fat, different from bacon , which is smoked. It is a typical product of Lazio, Umbria and Abruzzo . Another important ingredient is pecorino romano cheese . Vegetables are common, artichokes (" carciofi ") being among the most popular: Other popular vegetables are romanesco broccoli , asparagus , fava bean , cima di rapa , romaine lettuce , pumpkin , zucchini and chicory . In

1045-522: Is the one with the highest number of hours of sunshine and days with clear skies during the year. The Italian word Lazio descends from the Latin word Latium , the region of the Latins , Latini in the Latin language spoken by them and passed on to the Latin city-state of Ancient Rome . Although the demography of ancient Rome was multi-ethnic , including, for example, Etruscans, Sabines and other Italics besides

1100-435: Is thus a time-based currency . Current complementary currencies have often been designed intentionally to address specific issues, for example to increase financial stability. Most complementary currencies have multiple purposes and/or are intended to address multiple issues. They can be useful for communities that do not have access to financial capital, and for adjusting peoples' spending behavior. The 2006 Annual Report of

1155-480: Is vested in the Regional Council ( Consiglio Regionale ). Rome is centre-left politically oriented by tradition, while the rest of Lazio is centre-right oriented. In the 2008 general election , Lazio gave 44.2% of its vote to the centre-right coalition, while the centre-left block took 41.4% of vote. In the 2013 general election , Lazio gave 40.7% of its vote to the centre-left block coalition, 29.3% to

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1210-408: The 2016 Central Italy earthquake . Agriculture, crafts, animal husbandry and fishery are the main traditional sources of income. Agriculture is characterized by the cultivation of wine grapes, fruit, vegetables and olives. Lazio is the main growing region of kiwi in Italy. Approximately 73% of the working population are employed in the services sector, which contribute 85.8% of regional GDP; this

1265-787: The Byzantine Empire , the region became the property of the Eastern Emperor as the Duchy of Rome . However, the long wars against the Longobards weakened the region. With the Donation of Sutri in 728, the Pope acquired the first territory in the region beyond the Duchy of Rome. The strengthening of the religious and ecclesiastical aristocracy led to continuous power struggles between secular lords ( Baroni ) and

1320-497: The Gardens of Bomarzo , the Abbey of Fossanova , Monte Cassino Abbey and Farfa Abbey . Lazio has many small and picturesque villages, 25 of them have been selected by I Borghi più belli d'Italia (English: The most beautiful Villages of Italy ), a non-profit private association of small Italian towns of strong historical and artistic interest, that was founded on the initiative of

1375-976: The Lazio region in Italy or the proposed global currency terra . A community currency is a type of complementary currency that has the explicit aim to support and build more equal, connected and sustainable societies. A community currency is designed to be used by a specific group. Some complementary currency activists are Belgian ex-banker Bernard Lietaer , British economist Hazel Henderson, Dutch STRO-director Henk van Arkel that developed Cyclos , Qoin initiators Edgar Kampers and Rob van Hilten , Paul Glover of Ithaca HOURS, Margrit Kennedy from Monneta, LETSystem inventor Michael Linton , Time Banking inventor Edgar S. Cahn , Japanese Volunteer Labour Network founder Teruko Mizushima , Complementary Currency Resource Center coordinator Stephen DeMeulenaere , Romanian economist and entrepreneur Octavian Badescu as Minutes Bank founder and many others. Lietaer has argued that

1430-450: The chyme (mass of partly digested food) is left inside. Typical dishes of this style are: Traditional meat dishes include saltimbocca alla romana (veal wrapped with prosciutto di Parma DOP and sage and cooked in white wine, butter and flour) and abbacchio alla romana (roasted lamb with garlic, rosemary, pepper and chopped prosciutto ). The region gives its name to the professional football club SS Lazio that plays in

1485-536: The coast , there is a mediterranean climate , the temperature values vary between 9–10 °C (48–50 °F) in January and 24–25 °C (75–77 °F) in July. Towards the interior, the climate is more continental and, on the hills, winters are cold and at night, temperatures can be quite frigid. With particular regard to the sunshine duration , it should also be noted that, among the regional capital cities in Italy, Rome

1540-646: The ski resorts of the Lazio Apennines ( Monte Terminillo , Leonessa , Cittareale , Monte Livata, Campo Staffi and Campocatino, Altipiani di Arcinazzo ). Other points of interest in the region are the area of the Roman Castles , located south-east of the city of Rome, around the Alban Hills , made up of a group of towns and cities, partly in the territory of Latium Vetus , surrounded by the Roman Campagna . Also

1595-468: The Italian Serie A . The region has two professional clubs in the top flight, the other being AS Roma , who also play in the highest division of Italian football. Combined, the two have won five Italian championships with Roma winning three and Lazio two. The main sports stadium in Lazio is Stadio Olimpico in Rome which has housed both teams for a prolonged time and hosts Derby della Capitale between

1650-608: The Italian national institute of statistics ISTAT estimated that 615,108 foreign-born immigrants live in Lazio, equal to 11.1% of the total regional population. Lazio has a system of representative democracy in which the President of the Region ( Presidente della Regione ) is the head of government and of a pluriform multi-party system . Executive power is vested in the regional government ( Giunta Regionale ) and legislative power

1705-506: The Latini, the latter were the dominant constituent. In Roman mythology , the tribe of the Latini took their name from King Latinus . Apart from the mythical derivation of Lazio given by the ancients as the place where Saturn , ruler of the golden age in Latium, hid (latuisset) from Jupiter there, a major modern etymology is that Lazio comes from the Latin word "latus", meaning "wide", expressing

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1760-761: The Papal States, so that these territories became provincial administrations of St. Peter's estate; governors in Viterbo , in Marittima and Campagna , and in Frosinone administered them for the papacy. Lazio was part of the short-lived Roman Republic , after which it became a puppet state of the First French Republic under the forces of Napoleon Bonaparte . Lazio was returned to the Papal States in October 1799. In 1809, it

1815-604: The Pope until the middle of the 16th century. Innocent III tried to strengthen his own territorial power, wishing to assert his authority in the provincial administrations of Tuscia, Campagna and Marittima through the Church's representatives, in order to reduce the power of the Colonna family . Other popes tried to do the same. During the period when the papacy resided in Avignon, France (1309–1377),

1870-554: The Tiber, three groups of mountains of volcanic origin: the Volsini , Cimini and Sabatini , whose largest former craters are occupied by the Bolsena , Vico and Bracciano lakes. To the south of the Tiber, other mountain groups form part of the Preapennines: the Alban Hills , also of volcanic origin, and the calcareous Lepini , Ausoni and Aurunci Mountains . The Apennines of Latium are

1925-589: The Tourism Council of the National Association of Italian Municipalities. Lazio GDP growth from 2013 to 2017 in euro : In 2019 there were 657,855 companies, 10.8% of the national total. The table below shows the GDP, produced in Lazio at current market prices in 2006, expressed in millions of euros, broken down into the main economic macro-activities: The unemployment rate stood at 7.7% in 2022. With

1980-584: The UK in Bristol (2012), Totnes (2006), Lewes (2008), Brixton (2009) and Stroud (2010). The Exeter Pound was a local and community currency that was designed to improve the local economy of Exeter. It aimed to support independent local traders and enhance local economic activity. The scheme was run by the Exeter Pound Community Interest Company. It made a profit by setting an "expiry date" on each note, as identified in small print on

2035-466: The Worldwide Database of Complementary Currency Systems presented a survey of 150 complementary currency systems in which 94 respondents said that "all reasons" were selected, among cooperation, micro/small/medium enterprise development, activating the local market, reducing the need for national currency, and community development. Aims may include: Alternative currencies increase in activity if

2090-444: The added lands or New Latium, and Latium Vetus, or Old Latium, the older, smaller region. The northern border of Lazio was the Tiber river, which divided it from Etruria . The emperor Augustus officially united almost all of present-day Italy into a single geo-political entity, Italia , dividing it into eleven regions. The part of today's Lazio south of the Tiber river – together with the present region of Campania immediately to

2145-561: The areas around Lake Bracciano and Lake Bolsena , Lazio is home to 14 lakes of volcanic origin. One of the most important archaeological park in Italy is Ostia Antica , known as the port of ancient Rome, Ostia was a city of the Latium Vetus, located near the mouth of the Tiber river . Civita di Bagnoregio , also known as "the dying city", has become a popular tourist destination in the country. According to Istat data relating to 2018, Lazio

2200-547: The centre-right coalition and 20.2 to the Five Star Movement . The current president of Lazio is Francesco Rocca , independent politician and former president of the International Federation of Red Cross and Red Crescent Societies , in office in the centre-right coalition . Lazio is divided into four provinces and one metropolitan (province-level) city : One of the most famous forms of food in Lazio

2255-432: The cuisine of Lazio, spices are widely used. Among the most used are lesser cat-mint , called in Rome " mentuccia " (for artichokes and mushrooms), squaw mint , called in Rome " menta romana " (for lamb and tripe), laurel , rosemary , sage , juniper , chili and grated truffle . Although Roman and Lazio cuisine use cheap ingredients like vegetable and pasta, poor people needed a source of protein. Therefore, they used

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2310-436: The feudal lords' power increased due to the absence of the Pope from Rome. Small communes, and Rome above all, opposed the lords' increasing power, and with Cola di Rienzo , they tried to present themselves as antagonists of the ecclesiastical power. However, between 1353 and 1367, the papacy regained control of Lazio and the rest of the Papal States . From the middle of the 16th century, the papacy politically unified Lazio with

2365-571: The headlands of Cape Circeo (541 m) and Gaeta (171 m). The Pontine Islands , which are part of Lazio, are off Lazio's southern coast. Behind the coastal strip, to the north, lies the Maremma Laziale (the continuation of the Tuscan Maremma), a coastal plain interrupted at Civitavecchia by the Tolfa Mountains (616 m). The central section of the region is occupied by the Roman Campagna ,

2420-694: The idea of "flat land" meaning the Roman Campagna . Much of Lazio is in fact flat or rolling. The lands originally inhabited by the Latini were extended into the territories of the Samnites , the Marsi , the Hernici , the Aequi , the Aurunci and the Volsci , all surrounding Italic tribes. This larger territory was still called Latium, but it was divided into Latium adiectum or Latium Novum,

2475-481: The local economy slows down, and decrease in activity if the local economy goes up. They are most successful if the currency circulates within the users, in cycles or loops, as shown in an analysis of the use of Sardex by 1,477 entities in Sardinia in 2013 and 2014. According to professor Nikolaus Läufer's theory, the use of local currencies such as Freigeld can only increase economic activity temporarily. Lengthy use of

2530-436: The new consumer society , the desire for life, beauty and entertainment exploded, becoming the " Hollywood on the Tiber ". Today, Lazio is a large center of services and international trade , industry , public services and tourism , supported by an extensive network of transport infrastructures thanks to its geographical position in the center of Italian Peninsula and the presence of Rome within it. Lazio comprises

2585-401: The note itself, after which it could not be spent. Exeter Pound CIC made the decision to discontinue the currency on 30 September 2018. Ian Martin, the company's director, claimed that societal moves toward cashless transactions and lack of regulatory framework to develop its own digital currency were key factors. Complementary currency When speaking about complementary currencies,

2640-400: The original Latin name , pronounced [ˈɫati.ũː] ) is one of the 20 administrative regions of Italy . Situated in the central peninsular section of the country, it has 5,714,882 inhabitants and a GDP of more than €212 billion per year, making it the country's second most populated region and second largest regional economy after Lombardy . The capital of Lazio is Rome , which

2695-629: The position of industry, favouring the areas with the best links to Rome and those near the Autostrada del Sole , especially around Frosinone . Additional factor was cheap energy supply from Latina Nuclear Power Plant and Garigliano Nuclear Power Plant , which are now out of the operation after Italian nuclear energy referendum. Industry contributes a small part of GDP: its share is 8.9% compared to 25.0% in Veneto and 24.0% in Emilia-Romagna . In Rome it

2750-498: The region to well outperform the Italian economy in 2009 in the heart of the global financial crisis, but it was strongly affected by the COVID-19 crisis of 2020–2021 due to the lock-downs. Industrial development in Lazio is limited to the areas south of Rome. Communications and – above all – the setting of the border of the Cassa del Mezzogiorno some kilometers south of Rome have influenced

2805-584: The so-called "quinto quarto" ("fifth quarter"), leftovers from animal carcasses that remained after the sale of prized parts to the wealthy. Quinto quarto includes tripe (the most valuable part of reticulum , also called " cuffia ", " l'omaso " or " lampredotto "), kidneys (which need to be soaked for a long time in water with lemon to remove urine smell), heart, liver, spleen, sweetbreads (pancreas, thymus and salivary glands), brain, tongue, ox tail, trotters and pajata ( intestines of calf, fed only with its mother's milk). The intestines are cleaned and skinned but

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2860-569: The southeast of Lazio and the seat of Neapolis – became Region I ( Latium et Campania ), while modern Upper Lazio became part of Regio VII – Etruria , and today's Province of Rieti joined Regio IV – Samnium . After the Gothic conquest of Italy at the end of the fifth century, modern Lazio became part of the Ostrogothic Kingdom , but after the Gothic War between 535 and 554 and conquest by

2915-710: The world's national currencies are inadequate for the world's business needs, citing how 87 countries have experienced major currency crashes over a 20-year period, and arguing for complementary currencies as a way to protect against these problems. Lietaer has also spoken at an International Reciprocal Trade Association (IRTA) conference about barter . Other non-regional complementary currencies include: Lazio Lazio ( UK : / ˈ l æ t s i oʊ / LAT -see-oh , US : / ˈ l ɑː t -/ LAHT - ; Italian: [ˈlattsjo] ) or Latium ( / ˈ l eɪ ʃ i ə m / LAY -shee-əm , US also /- ʃ ə m / -⁠shəm ; from

2970-458: Was annexed to the French Empire under the name of the Department of Tibre , but returned to the Pope's control in 1815. On 20 September 1870 the capture of Rome , during the reign of Pope Pius IX , and France's defeat at Sedan , completed Italian unification , and Lazio was incorporated into the Kingdom of Italy . In 1927, the territory of the province of Rieti, belonging to Umbria and Abruzzo , joined Lazio. Towns in Lazio were devastated by

3025-630: Was surpassed only by China . Infrastructure which has been used for grape growing was easily adapted for kiwifruit cultivation. Only sheep and buffalo herds are significant nationwide. Both are kept predominantly for milk, which is used in the production of pecorino romano and mozzarella di bufala cheese. Sheep herds are the 3rd nationwide after Sardinia and Sicily . 40% of sheep are bred in province of Viterbo . Vineyards cover 47,884 hectares (118,320 acres) in Lazio. 90% of wines are white. In production of quality wine Lazio has rank 14 of 20 with 190.557 hl. There are 3 DOCG wines: Tourism in Lazio

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