LETS: Local Exchange Trading Systems (LETS) are locally initiated, democratically organised, not-for-profit community enterprise which
provide a community information service and records transactions of members exchanging goods and
services by using the currency of locally created LETS Credits. The LETS Credit currency does not involve
coins, paper money or tokens of any kind but rather acts as a scoring system, keeping track of the value of
individual members' transactions within the system. It is simply a community information system attached
to its own market-place. Different LETSystems call their LETS Credits by different names, adding a "local
flavour". The LETS System is used in many localities world-wide.
See the LETS Section of the Homepage's Internet Resources for more information and links.