TEM (currency)

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Τοπική Εναλλακτική Μονάδα (Greek)
Nickname TEM
Date of introduction circa 2010
 Source New York Times
Official user(s) None
Unofficial user(s)

 Greece (region of Magnesia)

  • 50 members (2010)
  • 400 members (October 2011)[1]
  • 800 members (April 2012)[2]
Central bank None. (Local exchange trading system)
 Website www.tem-magnisia.gr

TEM (Greek: Τοπική Εναλλακτική Μονάδα ("Alternative Monetary Unit"); abbrv: TEM[3] ) is a local exchange trading system (LETS) popular in Volos, Magnesia, Greece.[4][5][6][7]

See also[edit]


  1. ^ Donadio, Rachel (2011-10-01). "Battered by Economic Crisis, Greeks Turn to Barter Networks". New York Times. Retrieved 10 October 2012. 
  2. ^ Lowen, Mark (2012-04-11). "Greece bartering system popular in Volos". BBC News Europe. 
  3. ^ McCartney, Kelly (2012-05-05). "Greek town creates its own alternative currency". Retrieved 10 October 2012. 
  4. ^ "Ditch the euro? As crisis swirls, many Greeks already are with alternate currency scheme". Washington Post. 2012-05-21. Archived from the original on 2012-05-22. Retrieved 21 May 2012. 
  5. ^ Henley, Jon (2012-03-16). "Greece on the breadline: cashless currency takes off". The Guardian. Retrieved 10 October 2012. 
  6. ^ "'People need some way out': Bartering takes hold in austerity-wracked Greece". NBC World News. 2012-06-15. Retrieved 10 October 2012. 
  7. ^ Lowen, Mark (2012-04-11). "Greece local exchange trading system (LETS) popular in Volos". BBC News Europe. Retrieved 10 October 2012. 

External links[edit]