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March/April 2012 Volume 16, Issue 2 VillageofRiverwoods.com River woods V I L L A G E Using Village Dollars to Improve Your Property By Cheryl Chamberlain, Village of River woods Trustee Are you thinking
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Using village dollars refers to the practice of using a local currency within a village community for conducting transactions and promoting local economic development.
There is no specific requirement to file using village dollars as it is a community-based currency system used within a specific village or community.
Using village dollars does not require any specific form or paperwork to fill out. It primarily involves accepting and using the local currency for transactions within the village or community.
The purpose of using village dollars is to support local businesses and stimulate the local economy. It encourages community members to shop locally and keep money circulating within the village or community.
There is usually no reporting requirement for using village dollars as it is an informal local currency system. However, individual businesses or organizations participating in the system may keep records of transactions for their own purposes.
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