| Unit | |
|---|---|
| Symbol | C$ |
| Demographics | |
| Date of introduction | 1995 |
| User(s) | Calgary,Alberta, Canada |
| Issuance | |
| Central bank | Arusha Centre |
| Website | www |
Calgary Dollars is alocal currency inCalgary, Alberta, Canada. While functioning as a limited form of currency within Calgary, it is notlegal tender nor is it backed by a national government. Instead, the currency is intended as a tool forcommunity economic development as well as a focus forcommunity building and local resiliency.
In 2018 Calgary Dollars launched a digital component with a new online listings platform, app for iOS and android and a new website.
It comes in denominations of 1, 5, 10, 25, and 50 Calgary Dollars. The bills are printed on aplastic material in the same dimensions as theCanadian dollar. In print, the currency is commonlyabbreviated as "C$".[1]
The currency was founded in 1995 as a project of The Arusha Centre in Calgary. The project was originally called the "Bow Chinook Barter Community (BCBC)", and the currency was named the "Bow Chinook Hour". In 2002, the "Bow Chinook Hour" currency was replaced with "Calgary Dollars" (which was also adopted as the new name of the project).
The Calgary Dollars organization considers its local currency to be implicitly sanctioned by theCanada Revenue Agency (CRA) based on a CRA publication which discusses the taxation of "credit units possessing a notional monetary unit value" used as a medium of exchange by localbarter groups.[2][3]
Calgary Dollars Rebranded with a new logo in March 2018 with the slogan: "Get Local. Make Money."
