HOW DO SALT SPRING DOLLARS WORK?
To make the Salt Spring Dollar Project a success, we incorporated a number of key elements: • Limited editions of bills — currently a maximum 20,000 per issue. • Well known Salt Spring Island artists’ work. • Impressive design and graphic elements. • State of the art, anti-counterfeiting measures. • Exact dimensions of Canadian dollars, allowing for use in counting machines and Automatic Teller Machines (ATMs). • Expiry dates. • Revenue generation. • 100% backed by Canadian dollar Reserve Fund. • Accepted on par, with no service charges, at local banks and credit unions. • Merchants can offer higher exchange rates for the $$’s, instead of having discount sales — for example by treating Salt Spring dollars as $1.10 Canadian dollars when goods are purchased — thereby promoting local spending and use of $$’s by tourists and locals.
