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2 Cochrane Dollars Cochrane, Alberta
| Issuer | Cochrane Monetary Foundation |
|---|---|
| Year | 2017 |
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| Value | 2 Dollars 2 CAD = USD 1.46 |
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| Obverse description | Orange-toned note with a central vignette of a sepia-toned portrait photograph of James and Christina MacKay set against an Alberta mountain landscape underprint with guilloche wave patterns. The denomination numeral "2" appears in a circular guilloche at upper left within an orange left-side panel bearing the issuer name vertically, with a circular stamp device at lower left and serial number below. |
|---|---|
| Obverse lettering | THE COCHRANE MONETARY FOUNDATION 2 Issued May 19, 2017 James & Christina MacKay 1912-1983, 1925-2015 CMF President two cochrane dollars |
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| Comments |
The Cochrane Dollar is a local currency initiative launched to encourage residents to spend within the town rather than at big-box retailers in nearby Calgary. These community currencies — sometimes called BerkShares-style instruments after the Massachusetts model — circulate at par with the Canadian dollar within participating local businesses but cannot be redeemed outside the issuing network, effectively trapping purchasing power locally.
Printed in Cochrane itself, the note avoids the offshore production common to many Canadian municipal currency schemes. Whether the Cochrane Monetary Foundation sustained meaningful merchant uptake beyond the initial promotional period is not well documented in the numismatic record.