Fredericton Barter Network
our community currency.
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What is the Fredericton Barter Network?


The Fredericton Barter Network follows a Local Economic Trading System (LETS) model. A LETS is a community currency. In other words, it is an alternative to our Federal dollar that can only be used within a community, by LETS members. LETS dollars are very different from our national currency in one major way: rather than use paper dollars, members use credit, which is kept track of on a computer system. These credits are then traded between members for goods and services.

How LETS works



A Brief History

LETS was created in 1983 by Michael Linton from Courtenay, BC, to facilitate the trade of goods and services between the members of his community, in order to alleviate some of the impacts of the recession that was affecting Courtenay. In the last two decades, the idea of LETS has spread, and it is now estimated that there are thousands of community currencies around the world based on the LETS model, as well as over forty in Canada. (Click here for links to some of those LETSystems.)




last updated May 25th 2004
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