Information AboutBerkshares |
| CATEGORIES ABOUT BERKSHARES | |
| community currencies | |
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The current exchange rate for BerkShares is 1 BerkShare for 90 U.S. cents. BerkShares are traded for US Dollars at 12 local bank locations in the area. As of August 2007, 280 businesses were formally listed on the BerkShares website to accept the currency. Other businesses participate informally. Listed businesses are identified by window stickers and joint promotional material. Exchange occurs between customers and businesses and between businesses. Excess BerkShares may be traded in for US dollars at participating banks at the current exchange rate. Some businesses place limits on their use — the co-op market in Great Barrington lets patrons pay for only 50% of their bill with BerkShares, thereby adjusting the discount to 5%. Approximately one million, ninety-five thousand BerkShares were issued through participating banks in the first eleven months of operations, worth $985,500 USD . New age town embraces dollar alternative HISTORY BerkShares were launched with incorporated security features from Crane And Company . About the designer DENOMINATIONS BerkShares are printed in 1, 5, 10, 20, and 50 BerkShare denominations, and feature images of local people.
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