Local Currency FAQ (Frequently Asked Questions)

What are HOURS? HOURS are local currency notes, a legal form of paper money, which can only be used in our region. These HOURS are developed and distributed here in Benton County and this regional boundary helps keep local wealth within the community.

What are they worth? Four denominations of HOURS have been issued: One HOUR is worth one hour of basic labor or $10, 1/2 HOUR = $5, 1⁄4 HOUR= $2.50, and 1/8 HOUR = $1.25.

Yes, they are just as valid as U.S. Dollars. There are numerous rules that must be followed for script money to be legal, for ex- ample: it has to be a different size than federal notes; it must not say “dollar” anywhere on the currency; and every note must be worth at least one dollar. HOURS are issued locally by people in our region rather than by a national government. They are just as taxable as U.S. Dollars, and it is illegal to counterfeit them.

Why are they called “HOURS”? They are called HOURS to remind us that the real source of money’s value is created by people — our time, skills, and energy. The One-HOUR to $10 equivalence is based on a fair average hourly wage. By encouraging people to think about the value of everyone’s time, HOURS can help bring about fair compensation for the work we do.

What are HOURS? HOURS are local currency notes, a legal form of paper money, which can only be used in our region. These HOURS are developed and distributed here in Benton County and this regional boundary helps keep local wealth within the community.

What are they worth? Four denominations of HOURS have been issued: One HOUR is worth one hour of basic labor or $10, 1/2 HOUR = $5, 1⁄4 HOUR= $2.50, and 1/8 HOUR = $1.25.

Are HOURS real money? Yes, they are just as valid as U.S. Dollars. There are numerous rules that must be followed for script money to be legal, for example: it has to be a different size than federal notes; it must not say “dollar” anywhere on the currency; and every note must be worth at least one dollar. HOURS are issued locally by people in our region rather than by a national government. They are just as taxable as U.S. Dollars, and it is illegal to counterfeit them.

Why are they called “HOURS”? They are called HOURS to remind us that the real source of money’s value is created by people — our time, skills, and energy. The One-HOUR to $10 equivalence is based on a fair average hourly wage. By encouraging people to think about the value of everyone’s time, HOURS can help bring about fair compensation for the work we do.

Is it always one HOUR per hour of labor? Not at all. The COST of providing a service is not always relative to the TIME it takes to provide a service. In addition to the service provider’s time, there may be overhead and background costs involved. Exchanges involving HOURS are entirely voluntary, at whatever fee or price is agreeable to the people involved.

How can I join? Fill out and return the membership form on the back side of this paper. Members place listings in our quarterly directory of the goods and/or services they offer, and new members receive $20 worth of HOURS to get started. This is in exchange for an annual membership fee of $10-30 and the commitment to use and accept HOURS.

Contact us for more information: HOUR Exchange P.O. Box 1534 Corvallis, OR 97339

Click Here for a printable version

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