LOCAL EXCHANGE TRADING SYSTEMS
A locally initiated and organized economic organization, which allows members to partake in exchanging goods and services, among others. It uses a locally created currency as denominations of units of value that can be bartered or traded in exchange for products and services. LETS members usually view the systems as cooperative and organized system, which maximize purchasing power while benefiting members and the community.
In Toronto Canada, it is called Local Employment and Trading System; while in New South Wales, Australia, it is known as Local Energy Transfer Systems.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 01:01 | Rightmove House Prices | Jun | |
| 01:50 | Trade Balance | May | |
| 10:00 | Trade Balance | Apr | |
| 12:00 | Bundesbank Monthly Report | ||
| 16:00 | NAHB Housing Market Index | Jun | |
| 16:30 | Leading Index (Conference Board) | Apr | |
| 19:00 | BOC Deputy Governor Lynn Patterson Speaks | ||
| 19:00 | FOMC Member Raphael W. Bostic Speaks | ||
| 21:00 | ECB President Mario Draghi Speaks |
