Wara

Introduction

The " wara" is a form of currency not thésaurisable, known as currency " fondante" created in Germany in 1919 by the company of the " franchistes".

Operation

A floating currency is a currency which regularly of its value. Thus will wara it lost 1% of its value every month. It was necessary to affix a stamp on the tickets of will wara so that those Ci find their value of origin.

History

The idea of floating currency return to German Silvio Gesell who put forward this idea in 1918 in a book called the Natural Economic order (ED Uromant, Brussels).

The company of the franchists was created in Germany in 1919 to set up this currency. Tested in particular following the repurchase of a mine of 40 ouvirers in the sorry area of Schwanenkirchen in Germany in 1930, the economic revival was such as it répendit in the city close to Wôrgl in the two years space.

The bank of Austria succeeded in making prohibit will wara it in 1933 in spite of its spectacular results on the local economy.

Bonds

History of will wara

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