| Local Exchange Trading Schemes or Systems (LETS) |
| Local Exchange Trading Schemes or Systems (LETS) are local cashless barter system which enable the trade of goods and services amongst its members using a local credit or currency. A local network can be set up by any group or community. Participation is open to all. |
| A
central exchange, operating as a non-profit community organisation,
manages the transactions. It provides: - a directory with listings of offers and needs - LETS cheque books, and statements to members (similar systems: Exchange Rings, Time Dollar) |