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Tag: Central Bank Of Kenya


DEMOSH (CC BY 2.0)

The Crime of Alleviating Poverty: A Local Community Currency Battles the Central Bank of Kenya

Former Peace Corps volunteer Will Ruddick and several residents of the Bangladesh slum in Kenya face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest areas: a complementary currency issued and backed by the local community. The solution has brought charges of forgery from the country’s central bank.

Posted on Jun 28, 2013 READ MORE


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