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Fistfuls Of Foreign Currency... In Milwaukee?

December 4, 2008 at 3:30 PM | 2 Comments

Two neighborhoods in Milwaukee have had it with the US dollar--and are planning to print up their own cash to be used at local businesses. Amazingly, it's totally legal as long as they don't mint coins.

Community organizer (ewww!) Sura Faraj tells the Chicago Tribune:

You have all these people who have local currency, and they're going to spend it at local stores. They can't spend it at the Wal-Mart or the Home Depot, but they can spend it at their local hardware store or their local grocery store.

But why would you want to use locally grown cash if you can just as easily spend US dollars in Wisconsin? Shops in Riverwest and East Side, Milwaukee might build in favorable exchange rates, so an item that would cost, say, US$11 would go for just $10 worth of local scratch.

Related Stories:
· Milwaukee Neighborhoods Could Print Own Money [Chicago Tribune, via]
· Dollar-Euro Exchange Rate Totally Killing Us [Jaunted]

[Photo of funny money: sixsixsixismoney]