Wooden money is a currency in this town
Coronavirus has hit everyone hard, be it young or old or rich or poor. In an effort to help residents and local merchants to get through the economic fallout of the pandemic, a small council has come up with an innovative idea: Wooden money.
In Tenino — a community of less than 2,000 people halfway between Seattle and Portland — residents who have been hit badly by the pandemic can receive up to $300 a month in wooden dollars, subsidized by a City Hall grant program.
The notes are made of wood veneer and are each worth $25. They can be used to purchase necessities and services from licensed or certified providers.
Though the wooden dollars cannot be redeemed for cash — the maximum change allowed is 99 cents — they can be used to purchase any essential item.
Many stores and restaurants in Tenino now accept this alternative currency, which they can exchange for US Dollars at City Hall. Tenino has printed $10,000 worth of wooden bills for the time being, and so far about a dozen people have qualified to participate in the program.