IDEAS home Printed from
   My bibliography  Save this article

On trade vouchers called “local money”


  • István Nándor Helmeczi

    () (Magyar Nemzeti Bank (central bank of Hungary))

  • Gergely Kóczán

    () (Magyar Nemzeti Bank (central bank of Hungary))


There is a lot of debate currently about local monies: the “soproni kékfrankos” (Sopron blue franc), the “rábaközi tallér” (Rába District thaler), the “pécsi korona” (Pécs crown), the “debreceni fantallér” (Debrecen fanthaler) and the “veszprémi korona” (Veszprém crown), all initiatives having been launched recently. Despite the insignificance of local monies on the basis of international experience, local consumers (companies and households alike) may have encountered such instruments every now and then in the recent past. In view of increasing media coverage of the issue, we deemed it timely and necessary to reveal the key facts about these initiatives, and what trade vouchers – commonly known as “local money” – actually are.

Suggested Citation

  • István Nándor Helmeczi & Gergely Kóczán, 2011. "On trade vouchers called “local money”," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 6(1), pages 30-43, April.
  • Handle: RePEc:mnb:bullet:v:6:y:2011:i:1:p:30-43

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Erlend Nier, 2009. "Financial Stability Frameworks and the Role of Central Banks; Lessons From the Crisis," IMF Working Papers 09/70, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    More about this item


    vouchers; local money; local currency.;

    JEL classification:

    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mnb:bullet:v:6:y:2011:i:1:p:30-43. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maja Bajcsy). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.