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[Music] tonight was a city of about 1800 people and we're a bedroom community for you know olympia seattle so when it we don't we don't have a lot of big industry it's mostly service industry restaurants retail supermarkets things like that when the when the pandemic hit we recognized that there would likely be some type of recession associated with this kind of downturn in the economy and you know the city of tanano decided to dust off the idea of creating its own currency and start printing money again the way the system works is a a resident will come in and apply uh to the program they will have to show the city that they've been affected negatively financially by the pandemic so they've lost wages they've lost hours something like that and and based on their income level they can be eligible for up to three hundred dollars in tonight oh wooden money that money can be used in any participating businesses which we have near universal participation in the businesses themselves have to come in and certify that they understand the program which is very simple uh you can't you can't exchange this for us dollars in a business you can't get change greater than 99 cents it's 25 bill you cannot use it to purchase alcohol tobacco marijuana lottery tickets it's but basically any other goods or services a fair game if the business is participating and you can exchange these between individuals so you go into the business uh you you purchase a good or a service a debt is created between you and the the business and that that debt is satisfied with this wooden dollar the business can then you know use the money circulated to other businesses and individuals or they can come into the city and exchange it one-to-one for the us dollar so the city is is acting as the treasury and backing the tanana wooden money one to one however there's an exchange rate outside the city of about seven to one so we have not we haven't seen a return of any of the any of the money the money that we've dispersed has all stayed out in the in the world we don't we don't know exactly where but uh there's there's a demand for it outside the city and people are offering you know three four five hundred dollars a piece for each twenty five dollar tanano wooden dollar in 1931 the city of tanano uh during the great depression when there was a lack of physical currency took it upon themselves to create their own uh wooden money and here's an example of a piece from the 1930s that was created you can sometimes find those on online being sold by money collectors for about eight thousand dollars a piece uh this the the 2020 version is uh isn't is kind of a throwback to the original piece yeah how are you today how are you fantastic thank you sir have a great day we've seen a few of these bills come through uh they seem to really kind of fill the gap that was needed uh you know with the crisis we're in right now and people that need a little bit of assistance um they've used it for just regular food groceries we've actually had them use it for a kitchen sink repair as well so it's really it's doing a nice job kind of filling that gap where where they were lacking