Toronto Dollar

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The Toronto Dollar, founded in December 1998, is a paper local currency used in Toronto, Ontario.

The currency is administered by Toronto Dollar Community Projects Inc., a not-for-profit community group, and is a project of St. Lawrence Works.

Various local businesses agree to accept the currency at par with the Canadian dollar.

The Toronto Dollar varies from most local currencies in that 10% of the funds used when purchasing or redeeming the currency are allocated to benefit community initiatives and groups, particularly those who are on low incomes, unemployed or homeless.

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This article is based on text from Wikipedia, available under the GFDL.