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1 Cochrane Dollar Cochrane, Alberta
| Issuer | Cochrane Monetary Foundation |
|---|---|
| Year | 2017 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Gold and cream note with a central vignette of Senator Matthew Henry Cochrane (1823–1903) in monochrome against an Alberta mountain landscape with guilloche wave underprint. The denomination numeral "1" appears in a circular guilloche rosette at left, flanked by a vertical repeating "1$" microprint strip and a circular seal; the CMF President's signature appears below the portrait. |
|---|---|
| Obverse lettering | THE COCHRANE MONETARY FOUNDATION 1 Issued May 19, 2017 Senator Matthew Henry Cochrane 1823-1903 CMF President one cochrane dollar |
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| Comments |
The Cochrane Dollar is a local currency initiative launched in 2017 by the Cochrane Monetary Foundation to encourage residents to spend within the town rather than driving to Calgary, roughly 40 kilometres east. These complementary currency schemes — sometimes called BerkShares-style local scrip — have had mixed results across North America, with most folding within a decade due to low merchant uptake and the friction of managing a parallel exchange system.
Printed locally in Cochrane rather than through a commercial security printer, which means authentication features are minimal compared to regional currencies issued elsewhere in Canada.