The WIR System

Video - WIR Bank Report

by Giorgio Simonetti
In Switzerland 16 entrepreneurs from Zurich found the solution to the 1929 crisis. They began to trade using a currency parallel to the Swiss Franc, the WIR money. From this experience the WIR Bank was born. WIR is a cooperative bank that today collects nearly 60.000 little and medium-sized Swiss enterprises that exchange good and services among themselves using WIR money. By this way the WIR Bank helps the middle class preserving its employment rate and it anchors the generated richness to the Swiss country. Is it also working today, during the 2010's crisis?