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*LETS Game – Illustrates how LETS systems work. Students are asked to list what goods and services they are able to offer and then they trade these things between themselves, with no exchange of money or any form of paper currency.
*Hands-on Sessions – With those who have created community banks and money systems to explore the specifics of design, creation and management of the schemes.
LETS stands for local exchange trading system. I work on campus and we already have our own LETS system in place. With the recent need for budget cuts and close observance on how money is spent, UH-Hilo set up its own LETS system that allows offices to post office supplies that they are able to share. In addition offices can also post anything that they may need. For example, my office was in need for scratch paper for we have been using it for a microfilm conversion project. We posted that if any office had spare scratch paper we would greatly appreciate their sharing of them. Within a day, our office was filled with more scratch paper than we needed. I was amazed at how quickly we got responses and even more impressed that the university was able to set a system like this. In doing so, we are able to conserve our money by using the resources that are available to us. Sharing is caring and surely this LETS system is a positive step towards conserving resources.
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