Bridgetown Bucks is a local complementary paper currency. Notes are available in four denominations 1, 5, 10, and 20. These notes are issued by the PDX Currency Corporation, an Oregon non-profit company. The currency is not legal tender and not issued by or associated with any Federal, State, City or local form of government. This is a voluntary use product which only circulates in a small well defined area in and around Portland, Oregon. The notes are only accepted at participating local businesses. The purpose of the currency is to keep money circulating in the Portland community.
Local merchants accept Bridgetown Bucks as equal in value to one U.S. dollar. Every circulating note is backed by U.S. dollar deposits to be held at local banks or local credit unions. No Bridgetown Buck can enter circulation without first having funds on deposit at the local credit union branch.
This type of local currency has a commercial purpose which is to stimulate locally owned businesses. Wide use of Bridgetown Bucks should help to channel shoppers away from big box retailers and into locally owned stores. Local currency helps to maximize circulation of trade within the Portland area. PDX Currency Corporation will furnish the paper currency, marketing, guidance, educational tools and day-to-day support for this operation starting 2013.