In economics, a time-based currency is a currency where the unit of exchange is the hour.

Time-based currencies value everyone’s contributions equally. One hour equals one service credit.

• Time Dollar: In the United States, the time-based currency schemes are called Time Dollars Service Exchange.

• Time Bank: In the United Kingdom the schemes are called Time Banks and Hour Banks. There are reported to be 60 schemes running in the UK. They are promoted as a tool in community regeneration.

See also

• Local currency
• List of economics topics

External link

• The Time Dollar Institute
• Timebanks.co.uk