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02:31 PM
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Italy:And so it begins...F**k to the EURO- Naples launches local currency...The "NAPO"
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[quote:Anonymous Coward 8751275:MV8xOTk2MDE1XzMzNTkzODQwX0QxMjY1Qjk1] They're not the only ones. Same thing recently in Bristol, UK: http://www.telegraph.co.uk/finance/currency/9552347/Bristol-launches-citys-local-currency.html# [/quote]
Original Message
Naples on Thursday announced it was setting up a 70-million-euro ($91-million) gift card system -- the "Napo" -- which will function as a local currency aimed at boosting small businesses.
"Napos" will be given to shopkeepers, tourists and residents who pay their taxes, entitling bearers to a 10-percent d-i-s-c-o-u-n-t for every 10 euros spent.
"The Napo is a gesture of love for our city," Marco Esposito, a local official in charge of economic issues, told AFP in a phone interview.
He said he hoped the system would "shake up an otherwise feeble economy."
Prototypes for the new 1, 2, 5 and 10 "Napo" banknotes have been printed with images of the most picturesque sights of the southern Italian city.
[
link to uk.news.yahoo.com
]
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