Bangla-Pesa: Kenyan community currency faces legal action

Bangla-PesaBangla-Pesa is a community currency used in the settlement of Bangladesh in Kenya.  The currency is only used among roughly 200 small businesses which are members of a community group. The projects co-founder, Will Ruddick, describes Bangla-Pesa as  “a business to business voucher system and simply helps business record their exchange of excess capacity, … which provides a means of payment that is complementary to official money.”

The currency drew the suspicions of local police late last month after a news report linking the currency to a Kenyan separatist group, Mombasa Republican Council or MRC. Ruddick responded to this claim saying “Ours is a noble cause of helping the locals and not what was reported in the media last week, … We are not MRC and we do not support any cause of going against the government’s wish.”

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