Local Exchange Trading Systems (LETS) are community-based networks that allow members to trade goods and services using a local currency or credit system. Instead of traditional money, participants earn credits by providing services or goods, which they can then spend on offerings from other members. This system promotes local economic activity and strengthens community ties. LETS operate on the principle of mutual credit, meaning that transactions are recorded in a central ledger maintained by the community. This approach encourages cooperation and reduces reliance on conventional financial systems, making it easier for individuals to access resources and support within their local community.