Community currency is a type of money that is created and used within a specific community or locality. Unlike national currencies, which are regulated by governments, community currencies are often designed to encourage local spending and strengthen local economies. They can take various forms, such as paper notes, digital tokens, or time-based systems where services are exchanged based on time rather than money. These currencies aim to foster connections among community members and promote local businesses. Examples include local exchange trading systems (LETS) and time banks, where participants earn credits for services they provide and can spend those credits on services offered by others in the community.