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support for Bolivian Counterpart
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Venezuela
Communes Thrive in Crisis
Venezuela
Communes Thrive in Crisis
Caracas - About 31,000 communal councils are
operating in Venezuela under an official
policy aimed at aiding local economy and
increasing participation of the population
in administrative management.
The Ministry for Communes, recently created,
informed that the Autonomous National
Service Fund of Communal Councils supports
communal projects with 4 billion bolivars
(1.85 billion dollars) set aside for this
purpose.
Also the Foundation for Development and
Promotion of Communal Power and the
Foundation of Microfinancing Development
finance 23,000 Communal Banks.
The development of these communes is a
socialist program promoted by President Hugo
Chavez and is also considered important to
confront difficulties caused by the world
crisis without having to reduce social
investment.
The commune is a geographic unit through
which production projects are put in motion
and include barter markets with the direct
participation of producers who, at the same
time, are consumers.
The experience includes the use of local
moneys to complete the prices of certain
merchandise that is determined by a
community commission.
These Barter Spaces function in 10
Venezuelan states, each with their own coin
with names that go from momoy, cimarron,
relampago del Catatumbo, guaiqueri, lionza,
paria, tamunangue, tipocoro, turimiquire or
zambo.
According to authorities, this initiative
rescues a tradition of exchange that existed
in America for hundreds of years that used
gold, salt, cloth and coca among others.
The Venezuelan system is based on a decree
law of Promotion and Development of Popular
Economy that created related modalities and
forms.
The use of these communal coins is also
established in a decree that authorizes
regional productive communities to create
them and that only have value in the
territorial sphere of the locality.
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