International Aid and Development

New international complementary currency system


Jnana together with Community Exchange System (CES), Community Exchange System Australia and Community Forge is developing a new international complementary currency system for CES and Community Forge. It is open-source and can be adopted by complementary currency networks to provide a single network of exchanges on one platform and for individual exchanges to trade among themselves. The system allows inter-trading, has API for inter-trading with communities on other platforms and has a mobile app.

In November 2013 the project was started. It developed from a project started in July 2010 to develop an online marketplace that uses both traditional and complementary currencies.

Complementary currencies can be designed, created and used by communities. At a community level complementary currencies have shown to contribute to poverty alleviation and greater equality by providing greater liquidity in, and having a stabilising affect on, the economy, particularly during economic downturns.

A CES pilot site has been developed and is in testing. Initial training on the pilot site has occurred, see partnership and training section.

The software is open-source. See the licence here.

We need extra donations to develop the software, please donate here, that would help a lot.

Community Exchange System Community Exchange System Australia Community Forge

Gross National Happiness currency research

Karel commenced research into Gross National Happiness (GNH) currency and attended the International Conference on GNH in Bhutan in November 2015.

More about the conference.

Complementary currency and participatory democracy speaking tour

Tim and Karel speaking tour 2015

Karel Boele and Tim Jenkin travelled Australia in May 2015 on a speaking tour about complementary currencies and participatory democracy.

Engagements included both paid and in-kind presentations and audiences included governments, corporations and not-for-profits, and interviews with media.

More about the tour.

International complementary currency and timebanking scoping and planning study


In February 2013, Jnana started a study to determine the best complementary currency and timebanking model and exchange system for Australia. The study steering committee is chaired by Bernard Lietaer, co-founder of the Euro, and includes other members, such as, Edgar Cahn, founder of timebanking.

The study considered all models from a complementary currency bank to a distributed network of community exchanges.

On 23rd January 2014 preliminary results from the study concluded that a complementary currency bank model should be progressed.

The study was partly funded by Australian Ethical Investment (AEI).

Collaborative research partnership and training

OLECD signing

In August 2010, Jnana Australia, Local Exchange Trading System (LETS), the Community Land Trust of NSW and Sustainable Sydney, a community development organisation, signed a partnership agreement. LETS is part of the Community Exchange System (CES).

The aim of the partnership is to research, share information on and implement initiatives that create greater fairness and stability in society and complement democracy and the market economy.

The partnership provides lectures, workshops, training, publishes papers and books.

The group meets online regularly to discuss developments. Team members of a banking and community currency project Jnana is working on and a participatory democracy organisation sit in on the discussions.

On Sunday 17th January 2016 a training session on the new CES system was held with Brisbane LETS.

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