RegistrationPossible only through the representatives of the «Time Banking». See Contacts
Regional Exchange System «Time Banking» (RES “TB”) is an instrument, providing on-line interaction of physical and legal persons in the system of goods exchange at local (regional) level in the period of crisis.
The first reason, urging to creating of Regional Exchange System «Time Banking», was the most severe world financial crisis, that had affected the local markets of product and service exchange, which, in spite of availability of all the resources, faced the shortage of money.
The second reason was the peculiarity of the present development of capitalism with possibilities of instant transfer of large monetary funds from one spot of the world to another. The money deposited at local banks by people is used by transnational companies in other countries of the world, bringing them superprofits, but at the same time becoming a deficit for the local people, who put it in the banks and want to obtain credits for production or trade. The money is leaving local economy, people are losing jobs, enterprises are closing.
Therefore, creation of the systems of labour exchange at the local level under the conditions of labour division and on the basis of new principles of interaction between people becomes the solution of the problems which can't be solved within the limits of traditional organization of economics.
RES “TB” provides organizing of product and service exchange at the local level for satisfying of the needs of local residents in the conditions of financial crisis and of deficit of monetary funds on the basis of social agreement between the participants of the exchange system.
Goals of Regional Exchange System «Time Banking»
Regional Exchange System «Time Banking» helps local communities to find additional resources for survival during the global financial crisis.
Principles on which Regional Exchange System «Time Banking» is based:
The peculiarity of the work of Regional Exchange System «Time Banking» is the usage of single information equivalents of the System – «Points». With their help the accounting of a mutual exchange between the Participants of the System is carried out.
Any person can become a participant of RES “TB”. To do this you need to contact the office of the System, sign an Agreement and fill in the Application Form, where you should specify what you can offer to other Participants of the System (products, services) and what you need. After that an electronic account in the System and a personal page of the Participant with the information from your Application Form will be opened for you.
All the Participants start working in the System with zero-balance accounts. The Points for exchange accounting are created by the Participants themselves, acting as the consumers of services or products, at the moment of exchange. A personal account is managed via Internet or SMS-messages, or via the calls to the Operator of the System. The System reduces the account of a consumer and increases the account of a supplier for the amount of the transaction, established by the mutual agreement of the Participants.
Social effect caused by the Regional Exchange System «Time Banking»:
Regional Exchange System «Time Banking» allows to employ the resources of the society which are not used in the traditional economics and brings the spirit of cooperation into the market relations.