Detroit Community Scrip, also called Detroit Cheers, is a local currency scrip in Detroit Michigan. Modeled upon the provincial dollars that were used during the Great Depression, it is being used to restore local economic confidence in a city that has an unemployment rate of 22.2%. The Cheers are backed by US currency and are fully exchangeable for an equal amount of U.S. dollars, backed by several Detroit businesses. There are currently $4,500 worth of cheers in circulation.

PropertyValue
dbpedia-owl:Currency/usingcountry
dbpedia-owl:thumbnail
dbpedia-owl:usingcountry
dbpprop:abstract
  • Detroit Community Scrip, also called Detroit Cheers, is a local currency scrip in Detroit Michigan. Modeled upon the provincial dollars that were used during the Great Depression, it is being used to restore local economic confidence in a city that has an unemployment rate of 22.2%. The Cheers are backed by US currency and are fully exchangeable for an equal amount of U.S. dollars, backed by several Detroit businesses. There are currently $4,500 worth of cheers in circulation. Businesses can sign up to be "Reserves" and print scrip after depositing a matching amount in U.S. dollars and then be entitled to print Cheers. Currenlty, there are four Reserves, the first was the Motor City Brewing Works More than 25 businesses have signed up to accept Cheers, but many others informally accept them.
dbpprop:banknoteArticle
  • Federal Reserve Note
dbpprop:frequentlyUsedBanknotes
  • 3 (xsd:integer)
dbpprop:issuingAuthority
  • Detroit Cheers Governing Board
dbpprop:issuingAuthorityWebsite
  • detroitscrip.org/
dbpprop:nickname
  • Detroit Cheer
dbpprop:peggedBy
dbpprop:printer
  • Unknown
dbpprop:symbol
  • Cheers, $
dbpprop:usingCountries
dbpprop:wikiPageUsesTemplate
rdf:type
rdfs:comment
  • Detroit Community Scrip, also called Detroit Cheers, is a local currency scrip in Detroit Michigan. Modeled upon the provincial dollars that were used during the Great Depression, it is being used to restore local economic confidence in a city that has an unemployment rate of 22.2%. The Cheers are backed by US currency and are fully exchangeable for an equal amount of U.S. dollars, backed by several Detroit businesses. There are currently $4,500 worth of cheers in circulation.
rdfs:label
  • Detroit Community Scrip
skos:subject
foaf:depiction
foaf:page
is dbpprop:redirect of