In recent years, there has been a growing interest in Renewable Energy Communities (REC), legal entities that collectively manage energy, promoting economic, social, and environmental benefits for their community. This model of citizen management over an essential resource has been widely accepted — so could a similar principle be applied to money?

Ekhilur, a nonprofit citizen cooperative, is pioneering an innovative approach to strengthening the local economy. Instead of creating a new currency, it operates its own payment system — regulated by the Bank of Spain — to maximize the circulation of the existing euro within the community for as long as possible.

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