Introduced in 2012 in the Makassarsquare area of the Indische Buurt region in the Netherlands, the Makkie is a time-currency and loyalty scheme.
Recently extended over a wider neighbourhood, the currency takes the form of physical notes, with one Makkie equalling one hour of service or community/voluntary work. Makkies can be redeemed for products, services, leisure activities or discounts at local shops.
| Currency | Makkie |
|---|---|
| Rule setting entity | Consortium of 2 housing associations, Qoin and Amsterdam East council |
| Management of quantity of new money and total money supply | Consortium with redemption partners |
| Putting into circulation | When a user performs a task for a partner organisation |
| Taking out of circulation | Redemption partners return spent notes to Makkie consortium |
The Makkie aims to empower citizens to take active roles in their community and increase residents’ wellbeing.
Activities are devised and supported by the local housing corporations, welfare institutions, professional organisations and municipality in response to needs highlighted by research and engagement with residents.