Question by  shwetha (17)

What is complimentary currency?

I have heard the term complimentary currency a good bit, what is it.


Answer by  KingofthePaupers (5)

Jct: Complementary Currency is when a community decides to print and use its own chips to enable transaction, interest-free, just like a casino bank. Every casino runs a complementary currency system. Internet has made trading time-based chips best.


Answer by  mikeydaddy (36)

The term complimentary currency refers to the use of money by a government or issuing agency that is used to compliment the standard issue currency for that government or entity.


Answer by  Phil97 (569)

Complementary currency is a form of money which is supposed to be used in conjunction with the national currency. An example of this is the Toronto Dollar where that dollar is fully backed by the Canadian dollar. Merchants may accept the Toronto Dollar for goods and may easily exchange it for the national dollar.

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