We are launching a pilot project in Kyjov soon. More information about the project >>

TOGETHER WE SUPPORT THE LOCAL ECONOMY

Corrency is a system that helps reviving the local economy. It financially supports crisis-stricken groups and enables municipalities to set rules for an effective use of the support.

How to get involved in the project?

FOR CITIES, PEOPLE AND MERCHANTS
AFFECTED BY THE CRISIS

The municipality sets transparent rules with regard to the needs of the town or region.

People affected by the crisis receive funds to purchase products and services through a currency, called Corrent, with adjustable convertibility.

Merchants, craftsmen and other professions regain their customers and restart their business.

WE START WITH
A PILOT PROJECT IN THE TOWN OF KYJOV

We are just starting a pilot project in Kyjov where we will distribute almost a million from private sources among 2,000 citizens. The citizens of Kyjov will be able to use the money to pay for a period of 30 days of the pilot project operation at registered merchants located in Kyjov.

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HOW CORRENCY WORKS?

Financial support can be provided by the state, municipality, company or individual

A one-off Corrent currency will be generated from the CZK support contributions.

Corrent is a currency with adjustable convertibility

Corrent motivates the beneficiaries of the support to purchase necessary commodities. Citizens will thus put more money into circulation and, as a result, support merchants affected by the crisis.

Corrent features:

  • - Defined expiration (e.g. 30 days)
  • - Validity in a certain locality (e.g. the town of Kyjov)
  • - A citizen’s participation in the purchase (e.g. 50%)
  • - Specified areas of use (e.g. food, culture, sport, health, etc.)

Beneficiary

Selected groups of citizens may become beneficiaries of the support by meeting conditions set by the municipality or another establisher.

Paying with Corrent for services and products

Holders of Corrents can pay at merchants, for example, 50% of the total price of the service. This “lever” can be set individually according to the needs of the region or another establisher.

Merchant

Local merchants, service providers who meet parameters set by the establisher may join the Corrency system.

News

WHY CORRENCY?

The Corrency system was created in response to the closure of our economy in the spring of 2020 when the first wave of the coronavirus pandemic began. The aim of the project is to find a way to restart the economy in the regions and distribute aid to the most affected groups of citizens.

THE “DRONE MONEY” TARGETED SUPPORT

The phrase “helicopter money” was adopted for the general support of the population. However, insufficiently targeted support often fails. People can waste it or use it to save money and not put other funds into circulation. Targeted support of so-called “Drone money” is key to boosting the economy.

WHAT CHALLENGES CAN CORRENCY ADDRESS?

Economic recovery in the time of crisis

Unconditional income

Targeted support/bonus

Project supporters