Chiemgauer

The Chiemgau belongs to the family of the regional funds and was launched in January 2003 by a student project in the 10th grade at the Waldorf School in Prien Chiemgau based on a concept of the accompanying teacher's economy Christian Gelleri. In June of the same year, the sponsoring organization of the Chiemgau was founded with the same name at the school. The project broke up due to the dynamic growth of the initiative in the summer of 2005 of the Waldorf School.

The economic responsibility lies since 2008, the social cooperative Regios eG conceptual sponsor is the Chiemgau eV with 3,000 members, including 600 companies and 250 non-profit organizations from the region. The aim of the Chiemgau Region money is the strengthening and formation of regional economic cycles and the promotion of voluntary organizations in the Chiemgau region. The distribution area is limited to the counties of Rosenheim and Traunstein with 480,000 inhabitants.

The Chiemgau Regiogeld is available as a voucher system and in non-cash form, the electronic Chiemgau. The Chiemgau initiative is cooperating in the account management and payment processing with regional and ethical and ecologically-oriented banks.

In order to participate in the Chiemgau, all users of the regional money, so consumers, businesses, associations, local authorities and other partners, a member of the sponsoring organization will be. Membership is for legal separation from the legal tender and the application of internal association rules. The idea behind it is a directly democratic self-government of the initiative.

Exchange rate

Chiemgau can be purchased by consumers with a value of 1-1 against euro, but not be exchanged back into euros. Participating companies can Chiemgau for a fee in the amount of 5 % ( " regional contribution" ) return swap in EUR. Of the 5 % 60% go to a charitable organization. Which club is encouraged, determined person who einwechselt the euro in regional currencies. The remaining 40% are used to cover costs of the publisher.

Validity

Remember Exchanged vouchers are valid for three months. After the validity of the Chiemgau bills can be extended by purchase or affix a sticker to the value of 2 % of its value (→ circulation Secured money). The Chiemgau series to be replaced after two years. Chiemgau bills that are older than four years, will not be accepted for return. All users of Chiemgau must be members in the club Chiemgau eV.

The electronic Chiemgau has an orbital momentum of 0.02% on the day, for a period of one year, therefore, a maximum of 7.3%. However, we start counting after the Chiemgau remained three months are on the account.

A total of only 1.8% of outstanding fees would be incurred in these 3 months. This exemption is thus slightly problematic, because it may, the two companies is purely speculative large sums easily transfer to and fro in the future eg every 2 months, the circulating pulse theoretically also escape again complete.

Safety Features

The notes in denominations of 1, 2, 5, 10, 20 and 50 euro have 14 security features. So the bills are individually numbered and supplied with a barcode for testing. They have a genuine watermark, are provided with a guilloche and copy protection technology and show UV features for testing with Geldprüfgeräten.

Cover

Chiemgau are covered by € 1 to 1. For the coupon variant of the issuing association has formed a reserve at a bank. The cashless variant is covered by the cooperating banks.

Recent figures

In early 2010 the regional currency was accepted by 565 companies and used by 3,000 members. Were in circulation over 400,000 Chiemgau. The Chiemgau of network sales were in the first year in 2003 at 70,000 euros, in 2008 at 3 million euros and 2009 at 4 million euros. The annual growth rate from 2008 to 2009 was 21 %. Thus, the Chiemgau is currently the largest regional currency system in the German-speaking and one of the most successful complementary currencies in the world.