Czech town launches local 'currency' to boost post-COVID recovery
The Peninsula
KYJOV, Czech Republic: A Czech town has launched a scheme whereby residents are being given money to spend in shops and cafes badly hit by COVID-19 lockdowns, in the form of digital vouchers being marketed as a special local currency.
Up to 2,000 residents of Kyjov are each being given 400 crowns ($19) worth of "corrents", a name blending the words for "coronavirus" and "currency", to spend at 40 businesses including shoe shops, a pharmacy and a burger joint. When they make a purchase under the scheme, participants pay for half of it with corrents and the other half with their own money.
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