NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

Finance A show of HANDS

By Rebecca Reider?
Other·
10 Jun, 2012 09:52 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Photo / Getty

Photo / Getty

An alternative currency known as HANDS has been in use in Nelson's Golden Bay for 23 years.

My decrepit old laptop turned into locally grown vegetables. And new hems on my favourite corduroy trousers. And a month's supply of firewood from a neighbour's woodlot. Interesting alchemy.

How do I know? By reading my account statement on HANDS, Golden Bay's alternative currency network. Years ago, when I first heard about community currencies, sometimes known as LETS (Local Exchange Trading Systems), I wondered:

"Well? How revolutionary is that? You can create your own local money system if you want to, but it's still money, isn't it?"

Isn't a HAND just a dollar in more colourful clothing?

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Well, it is and it isn't. HANDS (How About a Non Dollar System) is more than a convenient acronym; trading in our local currency feels more tangible, more human, than using dollars. With every HANDS transaction, I am building my community.

I notice the difference when I look at my balance statements online. When I log onto my conventional bank account, there's a slight yet palpable cringe, as my slow rural broadband ticks along and I wait for the account balances page to load.

As I scan the screen, I feel the cultural anxiety that for many of us creeps in around money. Where's it all going? When is my paycheque coming? How expensive were the groceries?

Advertisement
Advertise with NZME.

When we participate in the money system, whether we appear to be winning or losing, we buy into a giant global game in which some power broker rigging the rules in New York City can have a devastating effect on returns to farms here in my own community, without any of us fully understanding what's going on.

When I log onto our HANDS website, in contrast, my richness is not about the number hovering at the bottom line of my account. Instead my sense of abundance comes from being connected to so many valuable people.

In the debit column, I've used HANDS to pay for sauna sessions, visit local healers, buy seedlings from fellow gardeners, get help moving house and hire a neighbour to repair my fences.

I've paid for it all by selling things I don't need (such as the aforementioned laptop), using my writing skills and subletting my home.

Discover more

New Zealand

Finance: Green growth could add £20 billion

29 Aug 09:33 PM
New Zealand

Finance: Lowering energy costs

27 Aug 09:37 PM
New Zealand

Finance: Advice for going flatting

13 Aug 09:42 PM
New Zealand

Finance: Greens reveal asset sale costs

22 Jul 09:44 PM

The HANDS member directory, indexed by both offerings and neighbourhoods, tells me which of my neighbours has a trailer to help me move furniture, or who might be growing a surplus of organic persimmons.

Members offer everything from farm equipment repair to computer help; childcare to "dreadlock maintenance" - skills that often fall off the radar screen of our traditional economic system.

For some people here in Golden Bay, where high-dollar jobs aren't easy to come by, HANDS are easier to earn, so HANDS are more willingly spent.

Or maybe "spent" is the wrong word - for when I put some beautifully decorated HANDS notes into someone else's palm, those HANDS don't disappear; that other person merely gains the potential to exchange the energy elsewhere within our community.

That's all that money is, after all: a way of exchanging energy. I like knowing that mine is cycling right here around me.

With thanks to: Happyzine.co.nz

Advertisement
Advertise with NZME.

People worldwide are inventing their own small-scale monetary systems, as a tool for building community and promoting local economic self-reliance.
HANDS, operating in self-sufficiency-minded Golden Bay, is one of New Zealand's most successful alternative currencies.

Founded in 1989 by a small local committee, HANDS has become a community institution, with its own seasonal market events and a regular newsletter full of want ads and offerings. The system now has over 450 trading members.

How it works:
All members join up with a personal account balance at zero HANDS. (One HAND has roughly the purchasing power of one dollar.)
Members then go into debt or credit as they trade with one another.
Unlike a traditional bank account, the emphasis is on continual exchange rather than accumulation.
Members are allowed to go up to 1000 HANDS into surplus or debt, without penalty or interest.
Trading happens via the exchange of colourful voucher notes, and through an online system similar to internet banking.
A newly published book tells the full HANDS story.
Get a Handle on HANDS is available in hard copy from ?goldenbayhands@ihug.co.nz or le.org.nz, or as an ebook from e-junkie.com/117056/product/473614.php.

Save

    Share this article

Latest from New Zealand

New ZealandUpdated

League player's preventable death prompts coroner's warning of 'run it straight' trend

18 Jun 11:35 PM
Education

'Harmful': Co-ed schools urge NZ Rugby to block exclusive boys’ first XV comp

18 Jun 11:19 PM
New ZealandUpdated

Air NZ resumes Bali flights after volcanic ash disruption

18 Jun 11:14 PM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

League player's preventable death prompts coroner's warning of 'run it straight' trend

League player's preventable death prompts coroner's warning of 'run it straight' trend

18 Jun 11:35 PM

Tere Livingston died in 2023 after receiving two head knocks while playing league.

'Harmful': Co-ed schools urge NZ Rugby to block exclusive boys’ first XV comp

'Harmful': Co-ed schools urge NZ Rugby to block exclusive boys’ first XV comp

18 Jun 11:19 PM
Air NZ resumes Bali flights after volcanic ash disruption

Air NZ resumes Bali flights after volcanic ash disruption

18 Jun 11:14 PM
Premium
‘Rather irrational’: Multimillionaire questions Healthy Homes rules

‘Rather irrational’: Multimillionaire questions Healthy Homes rules

18 Jun 11:00 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP