600:
624:
612:
36:
360:, annual sales in the range of 6.5 billion, as of 2005. As of 1998, assets held by the credit system were 885 million and liabilities of 844 million, i.e. the circulating WIR money, with equity in the system of 44 million. These WIR obligations being interest free have a cost of zero. Income from interest and credit clearing activities was 38 million francs.
352:
Initially, in keeping with Gesell's "free money" doctrine, the
Economic Circle circulated certificates with negative monthly interest rates enforced through a required monthly stamp on the reverse side of certificates. This feature, called demurrage was aimed at preventing hoarding while avoiding
364:
The WIR Bank was a not-for-profit entity, although that status changed during the Bank's expansion. The bank considers itself as stable, claiming to be fully operational during times of general economic crisis and may dampen downturns in the business cycle, helping to stabilize the Swiss economy
348:
and the word for "we" in German, reminding participants that the economic circle is also a community. According to the cooperative's statutes, "Its purpose is to encourage participating members to put their buying power at each other's disposal and keep it circulating within their ranks, thereby
151:
The WIR franc is an electronic currency reflected in clients' trade accounts and so there is no paper money. The intentions of starting were in increased sales, cash flow and profits for a qualified participant. WIR created a credit system which issues credit, in WIR francs, to its members. The
152:
credit lines are secured by members pledging assets which ensures that the currency is asset-backed. When two members enter into a transaction with both Swiss francs and WIR francs it reduces the amount of cash needed by the buyer; the seller does not discount its product or service.
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243:
403:
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that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the
514:
224:
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WIR was founded in 1934 by businessmen Werner
Zimmermann and Paul Enz as a result of currency shortages and global financial instability. A
205:
186:
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Although WIR started with only sixteen members, today it has grown to include 62,000. Total assets are approximately 3.0 billion
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428:
170:
476:
411:
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545:, Proceedings of the IEEE Engineering Management Society Conference, Albuquerque, New Mexico, August 2000.
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128:
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659:
367:
20:
8:
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171:"Data Standards, ISO 4217 - Currency Code Maintenance: Get the Correct Currency Code"
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constant devaluation of the currency. This practice was eventually ended in 1948.
317:
116:
616:
484:
572:
638:
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WIR Bank Video Report by
Giorgio Simonetti, RAI television [Italian]
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during difficult times. It is cited as an example in the documentary film
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140:
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538:"Reciprocal Exchange Networks: Implications for Macroeconomic Stability"
225:"List Three: Codes for historic denominations of currencies and funds"
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was granted in 1936. Both
Zimmermann and Enz had been influenced by
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The WIR Bank is the central banking authority for currency funds:
429:"60 Years WIR Business Circle Cooperative -Origins and Ideology"
611:
35:
206:"List Two: Fund codes registered with the Maintenance Agency"
579:
WIR — Eine Währung, die den Tausch neu erfindet (in German)
16:
Swiss bank that issues a complementary currency (WIR franc)
581:
Essay by James
Stodder and Bernard Lietaer. Published in
583:
Die Welt der
Commons - Muster des gemeinsamen Handelns
423:
421:
588:
560:
99:
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187:"List One: Currency, fund and precious metal codes"
507:"Press Release 2010 Annual report of the WIR Bank"
349:providing members with additional sales volume."
636:
337:" theory in 1952, opening the door to monetary
333:; however, the WIR Bank renounced Gesell's "
34:
19:"WIR" redirects here. For other uses, see
384:which was part of the WIR's inspiration.
143:to generate dual-currency transactions.
139:, which is used in combination with the
637:
460:
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568:WIR Report by Erick B. Hansch, 1971
13:
585:, Transcript-Verlag, Germany, 205.
463:WIR and the Swiss National Economy
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671:
552:
344:"WIR" is both an abbreviation of
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69:Swiss Economic Circle (German:
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465:. WIR Bank, Basel. p. 59.
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121:Wirtschaftsring-Genossenschaft
71:Wirtschaftsring-Genossenschaft
1:
433:WIR Magazine (September 1994)
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7:
410:(in German). Archived from
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83:; 90 years ago
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302:WIR Franc (for electronic)
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95:
77:
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29:WIR Bank and Trade System
461:Studer, Tobias (1998).
477:"Histoire (in French)"
129:complementary currency
305:Obsolete per 2004-11
244:"Overview Amendments"
113:Swiss Economic Circle
655:Banks of Switzerland
404:"WIR sind auch Geld"
294:List Two, fund code
281:List Two, fund code
257:. 23 September 2022.
200:. 23 September 2022.
127:, is an independent
21:WIR (disambiguation)
414:on 15 January 2013.
408:der-arbeitsmarkt.ch
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439:on 17 October 2006
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251:www.six-group.com
238:. 22 August 2018.
232:www.six-group.com
219:. 29 August 2018.
213:www.six-group.com
194:www.six-group.com
181:. 1 October 2022.
175:www.six-group.com
162:ISO 4217 Standard
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645:Local currencies
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561:Official website
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517:on 25 March 2012
513:. Archived from
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483:. Archived from
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435:. Archived from
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292:List One, active
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660:Basel-Stadt
605:Switzerland
164:definition:
156:Currencies
141:Swiss franc
133:Switzerland
54:(in French)
49:(in German)
44:Native name
639:Categories
389:References
335:free money
131:system in
100:www.wir.ch
56:Banque WIR
328:economist
289:WIR Franc
255:SIX Group
236:SIX Group
217:SIX Group
198:SIX Group
179:SIX Group
137:WIR franc
61:Banca WIR
521:22 March
511:WIR Bank
481:Wir Bank
443:9 August
376:See also
372:(2015).
370:(Demain)
368:Tomorrow
339:interest
325:Georgist
276:WIR Euro
267:ISO 4217
109:WIR Bank
66:Formerly
51:WIR Bank
617:Economy
591:Portals
491:31 July
312:History
96:Website
86: (
78:Founded
322:German
247:(XLSX)
147:System
123:), or
117:German
629:Banks
541:(PDF)
228:(XLS)
209:(XLS)
190:(XLS)
523:2012
493:2014
445:2006
107:The
88:1934
81:1934
358:CHF
299:CHC
286:CHW
273:CHE
125:WIR
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