On Tuesday, 28th April, 2o15, a new community currency was born, as CCIA pilot currency SoNantes announced its official launch. Speakers at the event included Johanna Roland, Mayor of Nantes and President of Nantes Metropole, Jacques Stern, Director of the Credit Municipal de Nantes and Philippe Magnen, Vice President of the Network for Regional Solidarity Economy (RTES), as well as representatives of businesses already signed up to the currency.
“SoNantes will be an economic, political, but also cooperative currency, bringing “economic stimulation without inflation. It will be good for the region without questioning the Euro and will free up Euros for what they’re good for – international exchange” – Pascal Bolo, First Deputy Mayor of Nantes
The SoNantes allows local SMEs to trade goods and services without spending euros, providing an alternative, interest-free source of credit. It is expected to reduce the costs of buying goods and services in the area, help maximise profit margins, aid the development of local enterprise networks and promote sustainable development. The value of the SoNantes will be valued at par to the euro. Individual citizens can also use the currency to purchase goods and services from participating businesses and organisations.
“We are participating in SoNantes in order to be part of the economic dynamism of the region” – representative of the Plein Centre Traders Association
“Above all, the SoNantes is a collective project to develop the local economy” – Johanna Roland, Mayor of Nantes and President of Nantes Metropole
Download the original press release below:
To learn more about how the SoNantes works, click here, or watch the short video below: