Czech town launches local 'currency' to boost post-COVID recovery

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Up to 2,000 residents of this Czech town will receive $19 worth of 'corrents', a name blending the words for 'coronavirus' and 'currency', to spend at 40 businesses

Up to 2,000 residents of Kyjov are each being given 400 crowns worth of "corrents", a name blending the words for "coronavirus" and "currency", to spend at 40 businesses including shoe shops, a pharmacy and a burger joint.

The Kyjov scheme is being funded to the tune of 800,000 crowns by a private individual who does not wish to be named, and administered by Pepe Rafaj, who came up with the idea. The business then sends a text message to the system, which automatically transfers the relevant quantity of corrents from the customer's account to its own account. The business then get the corrents converted into crowns, usually the next day.

 

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