BRADFORD CITY COUNCIL:
     Bradford LETS allows communities to exchange goods and services
with each other through local currency systems with credits equivalent
to the pound. No interest is charged or paid on LETS accounts and
there is no penalty for going "overdrawn."
     Explains Councillor Tony Cairns, Chair of the Economic Strategy
Subcommittee, "LETS fosters trust-building and self-esteem in
communities."
     Added Councillor Ralph Berry, chair of the Community Development
committee, "The LETS system is effective because everyone can
participate. Examples of things people can offer include local lifts,
tuition, food, childminding, ironing and joinery. As long as it's
legal you can trade it through LETS. Since everyone receives an
immediate 50 credits, credit can take place straight away."

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