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Battling Poverty? Make Your Own Money

| Friday February 25th, 2005 | 0 Comments

A small part of Brazil has a new currency, the palma, which has been introduced by a non-governmental community organization in Fortaleza. The experiment, combined with microlending, has sucessfully stimulated economic activity as well as boosting “spending on local commerce jumped from 16% of purchases to 56%“.


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