LETS - Local Exchange
Trading Systems or Schemes - are local community-based mutual aid
networks in which people exchange all kinds of goods and services with
one another, without the need for money.
LETS, people have access to goods and services they might not otherwise
have been able to afford in the cash economy. They are able to improve
their skills and sense of self-worth by offering services that other
people value, and pay for in local currency.' New
help each other informally, described as a "merry-go-round of favours".
This is the sort of assistance in the social sphere that money simply
cannot buy. It helps to create a "caring, sharing and friendly
community'. Colin C Williams, Researcher