Are LETSystem units transferable?
LETSystem money can only circulate within the system. It cannot be taken out. No one can force anyone else to transfer or exchange LETSystem money. (In technical language, the units are not redeemable). However, individuals are free to transfer LETSystem money from their account in exchange for cash from another account-holder. And if they have an account in another LETSystem, they can transfer units between systems with the assistance of another account-holder. But the integrity of each system is still maintained. (In technical terms, all transactions must be recorded as double-entry).
