Town establishes an ideal bartering system for the times we’re in

It’s a bartering system ideally suited for the economic times we’re in — a free exchange of labour or skills between people.

The idea, which is likely to be copied by communities around the country, is the brainchild of Clonakilty Favour Exchange and will be officially launched today in the town’s O’Donovan’s Hotel by well-known economist Constantin Gurdgiev.

According to the organisers, goodwill is the only requirement for membership. Already, a significant number of people have signed up and organisers expect even more to join the voluntary service in the days and weeks to come.

A number of those who have signed up have very varied skills and the idea has also spread to a group in Killarney.

The concept is that a time-bank of work is listed in the donor’s name and the person is then entitled to similar time ‘payback’ from others involved in the scheme.

Those signing up will have their names and skills listed on the favour exchange website.

Internet entrepreneur and philanthropist Bill Liao has also joined the organisation as its ‘giving officer’.

Clonakilty Favour Exchange will be holding a national workshop in Kilkenny on the subject of a favour exchange later in the year.

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