New Zealand
Wairarapa Green Dollars
Region: Wairarapa, New Zealand
Currency Type: locally-issued convertible paper currency, LETS system
First Issued: The LETS system began in 1991, which moved online in 2006, and the vouchers were introduced in 2008
Description and Background: Members of the LETS system can withdraw the vouchers from their accounts, and anyone can purchase the vouchers at a participating store at a 1:1 rate with New Zealand dollars. – “L.E.T.S. is a system of barter or trading which uses locally created currency between members to value their trading. The unit of exchange is called WAIS, which equals, more or less, the NZ$ in value. WAIS are a measure of trading between members. They’re recorded in members’ accounts and may be held in the form of WAIS Vouchers.”
Circulation and Participation: unknown
Founder: Wairarapa Exchange
Contact: helen@livingeconomies.nz
Website: http://wais.org.nz/index.php/faqs
Social Media: https://www.facebook.com/GreenDollarsWairarapa/