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Commercial Credit Circuit (C3) (Stub)

The Commercial Credit Circuit (C3) is a business-to-business system that is an improvement on the WIR, in the sense that the currency is convertible on demand into national currency. It is a powerful way to create employment because it injects working capital in networks of small and medium sized enterprises (SME), thereby creating employment (because SMEs tend to be the sector that provides 90% of all private employment. This system is currently operational in Brazil and in Uruguay with several other Latin American countries interested in implementing it.

See more at: http://www.lietaer.com/2011/09/commercial-credit-circuit-c3/

 

 

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