Unlocking the value of our community
What is Central Coast LETS?
A growing network of people on the NSW Central Coast of Australia who participate in a system of alternative trading known as LETS. LETS is a community based non-profit trading system that enables its members to exchange a wide variety of goods and services using little or no cash. It is a method of trading which depends on energy, skills and time instead of money, exchanging a unit of local currency (Shells), not as an alternative to conventional money but to complement the current system of trade.
Central Coast LETS trade Day and Information Session
History of Central Coast LETS
Central Coast LETS was established in the 1990's with a Gosford Council grant. It was a vibrant group in the early nineties but membership dropped off to a point that the members all joined HunterLETS to be able to still trade. By 2006 there were only 22 members and not much happening at all on the Central Coast when new LETS member Korina Ivatt took over as administrator, and being able to see the huge potential a LETS organisation could offer the local community, decided to inject some life into the group. Korina poured herself into promoting the LETS way and recruiting new members and the group began to flourish and by the time she moved out of the area the group was a strong, vibrant and very busy group of nearly four hundred active traders, trading between themselves approximately 20,000 shells (local currency) a month! An unheard of turnover from any other LETS groups at the time.
We wish to profusely thank our member venues who so graciously host our trading days: