Fureai Kippu

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Fureai Kippu (Japanese) ふ れ あ い 切 符 - Japanese care tickets local currency created in 1995 by the Sawayaka Welfare Foundation enabling people to make money through the help of the elderly in the time bank system. The basic monetary unit is equal to the hour of service to an older person. Seniors sometimes earn their own helping each other. Other family members can earn money in other communities and transfer their loans to parents.

The system works as follows: providing services to people who are not able to drive, eg going to a shop results in obtaining a credit hour based on the type of service and the amount of time spent. Credit can be used for illness or old age or for other people.

It is surprising that older people prefer the services of people who pay in Fureai Kippu credits than those who pay normal money (yen).

There are two clearing houses in Japan that allow for settlement across the country.

Also in China, this concept is being implemented.

wiki

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