10 Udis

COMAL — the Coordinadora de Comercialización Alternativa — is a Honduran network of rural cooperatives and fair-trade agricultural producers that has operated its own complementary currency, the Udi, as a local exchange mechanism within member communities. These notes circulate not through banks but through community markets, functioning as a mutual credit instrument designed to reduce dependence on the lempira and keep purchasing power within the network.

The inclusion of a watermark is notable for a community-issued scrip — most complementary currencies at this scale forgo security features entirely. Whether this reflects a specific counterfeiting incident or simply a deliberate signal of institutional seriousness is not documented in available sources.