Ithaca Hours

By Vinayak on Saturday, September 7, 2013 with 0 comments

Ithaca HOURS are not backed by national currency and cannot be freely converted to national currency, although some businesses may agree to buy them.

HOURS are printed on high-quality paper and use faint graphics that would be difficult to reproduce, and each bill is stamped with a serial number, in order to discourage counterfeiting.

In 2002, a one-tenth hour bill was introduced, partly due to the encouragement and funding from Alternatives Federal Credit Union and feedback from retailers who complained about the awkwardness of only having larger denominations to work with; the bills bear the signatures of both HOURS president Steve Burke and the president of AFCU

Category: Currencies

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