Eusko

Eusko
	Eusko
	publicity about eusko
Denominations
Subunit
1/100	Euro cents
Plural	euskos
Symbol	e
Euro cents	Eus
Nickname	eusko
Banknotes
Freq. used	1, 2, 5, 10, 20 eusko
Coins
Freq. used	None
Demographics
User(s)	Northern Basque Country
Issuance
Central bank	Euskal Moneta
Website	www.euskalmoneta.org
Valuation
Inflation	%1.4
Source	Cámara Guipúzcoa, 2013

The eusko is a local currency released by the "Eusko Moneta erakundea", and it is one of a number of currencies that are active in the Basque Country. It is mainly used in the Northern Basque Country. The currency was created on the 31st of January 2013.

Features

The smallest value of the eusko is the one eusko format, so it can not be separated in less than that amount. The eusko has a value that is equal to the euro, so the price of an article can be totally paid in euskos, but if the article doesn't have a round price, the difference will be paid in cents. (Example: if an article costs 3,50 euros, it can be paid with 3 euskos and 50 euro cents)

Its motto is "Euskoa denen esku", which means "The eusko in the hands of everyone".

Format

The eusko has a note based format that enables the user to trade with values that go from the one eusko note to the twenty eusko note. The appearance of the notes varies according to the value of the note:

The one eusko note is blue, and has an image of a txalaparta on it
The two eusko note is red, and has a scene of a folk dance on it
The five eusko note is grey, and has a countryside scene on it
The ten eusko note is yellow, and has an image of a blackboard with the Basque verbs form "Nor-Nori-Nork"
The twenty eusko note is purple, and has an image of an industrial port that shows some cranes

Several security systems protect the notes from forgery, similar to the ones euro has. Those include:

A complex filigree
A heated gold mark
Off set marks for blind people to identify note value

Aims

The aim of the eusko is to encourage the community to buy from local traders. This potentially strengthens the local economy and reduce ecological damage caused by long supply chains. Additionally, it aims to promote solidarity.

History

Predecessors

The idea of the eusko starts when the AMBES (from French Association pour la création d’une Monnaie locale Basque, Ecologique et Solidaire) took the example of another currency that was running in France, and thought that could be profitable and applicable to the Basque country. The choice of the name came up when the AMBES asked citizens to choose a name for their optimal currency.

Getting started

The eusko gave its first steps the 31st of January 2013, with the initial number of 126,500 eusko copies. From the very beginning the eusko was accepted in all the establishments that were associated. According to the creators of the eusko, 310 businesses and enterprises accept the eusko as a form of paying, and the eusko has spread to more than 1500 users. The AMBES said that eusko would have a credit card system in 2015.

gollark: I want it iff it was a while ago and/or I'm not paying attention to that particular conversation, but Discord can't really autodetect that.

gollark: I don't. I am generally very against stuff like this which takes control of technology away from users.

gollark: As well as the other reasons, like their ability to smell fear and refuse to print.

gollark: This is why printers CANNOT be trusted.

gollark: https://en.wikipedia.org/wiki/Printer_steganography

References

http://www.courrierinternational.com/article/2014/07/09/monnaie-locale-l-eusko-ethique-et-utile

http://www.huffingtonpost.fr/2013/01/31/eusko-pays-basque-monnaie-euro_n_2588017.html

http://www.larepubliquedespyrenees.fr/2014/04/28/monnaie-basque-la-solidarite-d-abord,1191550.php

http://www.liberation.fr/economie/2014/01/02/a-bayonne-un-eusko-egale-un-euro_970273

External links

Official site: http://www.euskalmoneta.org/

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