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en:exchange [2022/05/28 13:48] david |
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====== How to exchange Minutos ====== | ====== How to exchange Minutos ====== | ||
- | Minuto vouchers are based on qualitative human working time, therefore they are stable | + | Exchanging Minutos for legal tender (Euros, Swiss Francs) or vice versa makes sense in certain cases: |
- | The exchange rate may vary depending on the region. It may change, for example, due to inflation of the official currency.\\ | + | ===== Example 1: Change back if no Minutos at hand ====== |
- | ===== Recommended exchange rates ===== | + | As a vendor, you accept a Minuto voucher of a higher value than the selling price as payment. Since you don't have any Minuto vouchers at hand, you return the change in Euro. |
- | The **price of a craftsman hour** is a rough guide to determine the exchange | + | For recommended conversion |
- | **Germany**\\ | ||
- | 60 Minuto = 30 EUR (as in 2021) | ||
+ | ===== Example 2: People with a lack of time ====== | ||
+ | In the community // | ||
+ | |||
+ | Margrit Kennedy' | ||
+ | In the neighborhood there are some people who earn Euros outside the community of the Lebensgarten and they have limited time for extra work. These people can buy Minutos from the farmer and give him Euros. | ||
+ | |||
+ | Those Minutos can now be used to buy services in the community without having previously issued Minutos or done anything in exchange for Minutos. The farmer, for his part, can accept far more Minutos than he needs for his own needs. | ||
+ | |||
+ | Have a look at the [[en: | ||
+ | |||
+ | |||
+ | ===== Example 3: Paying or exchanging wages ====== | ||
+ | |||
+ | ==== Germany ==== | ||
+ | A small business owner occasionally needs temporary workers by the hour. He can offer them an exchange of their paid wages in Minutos. Perhaps 30 Minutos per hour would be appropriate, | ||
+ | |||
+ | German trade regulations require that wages be paid in Euro ([[https:// | ||
+ | |||
+ | Workers can use the Minutos to make purchases from the small business owner, or spend them with other vendors. If they need Euros again, for example for rent or gasoline, then the small business owner can exchange Minutos for Euros. | ||
+ | |||
+ | In Germany, for example, 30 Minutos would be worth 10€ in cash. Because 10€ hourly wage is still good for many helpers. However, Minutos are thus seen as more valuable (since 15€ worth of goods per hour) and Euro cash is rather rarely desired. This reduces the entrepreneur' | ||
+ | |||
+ | ==== Switzerland ==== | ||
+ | |||
+ | In Switzerland, | ||
+ | \\ | ||
+ | |||
+ | ==== Legal notice ==== | ||
+ | |||
+ | We assume no liability for the above information. Please have them checked by an expert before use. | ||
+ | ==== Have questions? ==== | ||
+ | |||
+ | You may find the answer at [[en: |