Monday 20 September 2021

What’s An Udis?

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(QCOSTARICA) The small community in the Pacific coastal town of Quepos, El Silencio, has its own currency. No joke, in El Silencio, the Udis (Unidades de Intercambio Solidario) is common, even preferred over the Colon.

UDIS

Why?

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The Udis was created in 2007 by the Coopesilencio R.L. , a farming cooperative, when it ran into a liquidity problem in paying wages to its employees. Beginning as a voucher that could be redeemed at local area merchants, the idea caught on and the cooperative began printing its own money, sort of speak.

While it is a voucher, it looks more like money and comes in demoninations of 1,000, 2,000, 5,000 and 10,000 notes and is equivalent to the same value in Colones.

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The 600 residents of the community are so used to the current that most prefer to use the Udis rather than Colones.

In fact, many tourists visiting the area take the Udis home as a souvenir.

Video about UDIS (in Spanish)

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Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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