Community Exchange NL A Newfoundland & Labrador Mutual Credit Network
Local Exchange Trading System · Newfoundland & Labrador

Trade Goods and Services,
Build Community

Community Exchange NL lets you exchange goods and services with your neighbours using COD — Newfoundland's own community currency. Trade in COD, cash, or a mix of both.

Register Your Interest → How It Works

Inspired by Newfoundland & Labrador — our people, our land, our waters, our shared prosperity.

COD
Community Currency
100%
Community Run
NL
Local Currency
Getting Started

Trading without cash
is simpler than you think.

Here's how our community exchange works — from registration through to your first trade.

01

Register Interest

Once members have been approved for a credit limit and have listed their offers in the online directory, they can start trading right away.

02

List Your Offerings

Post the goods and services you're happy to trade in our online directory — anything from plumbing and baking to tutoring and dog-walking. You set your own price.

03

Connect & Trade

Browse other members' listings on Cyclos, our secure trading platform. Contact the person directly and agree on the terms of your trade.

04

Transfer COD

Pay with COD — Newfoundland's own community currency. Transactions are tracked in your online account, similar to online banking. Some members accept a mix of COD and cash.

Our Local Currency

Meet the COD

In keeping with Newfoundland's tradition of using codfish as currency, we chose COD — "Cash on Delivery" — as the name for our community credit. It's more than a currency; it's a nod to our shared heritage.

Get Started with COD →

Your Own Account

Each member gets an online account through our Cyclos platform that tracks your COD balance and trading history.

You Set the Terms

Decide if you accept 100% COD or a mix with Canadian dollars. Taxable portions of a transaction can be charged in cash, keeping things fair and legal.

Secure & Transparent

All trades are recorded through Cyclos, an internationally trusted community exchange platform. Your balance is always visible, always accurate.

Member Marketplace

Services available right now

These are the kinds of goods and services being traded across Newfoundland and Labrador every day. Browse the full live directory on Cyclos.

Baking & Food

Fresh bread, preserves, canned goods

Garden Produce

Vegetables, herbs, seedlings

Home Repair

Carpentry, painting, odd jobs

Tech Support

Computer help, website assistance

Tutoring

Academic subjects, music, languages

Pet Care

Dog walking, pet sitting, grooming

Sewing & Crafts

Alterations, knitting, handmade goods

Transportation

Errands, rides, moving help

Wellness

Yoga, massage, holistic health

Creative Services

Photography, design, writing

Outdoor Services

Firewood, lawn care, snowblowing

Your Skill Here

Join and add what you offer

The full member marketplace is launching soon. Powered by Cyclos.

Register Your Interest →
Learn More

Understand the bigger picture

Community currencies (also called local or complementary currencies) are a global movement, with many different models operating worldwide.

Community Exchange NL is a "Local Exchange Trading System," or LETSystem (also known as a mutual credit system). Rather than relying on bank-issued credit, members offer interest-free credit to each other in a decentralized network.

Economics

Bank Debt Money vs. Community Currency

Most money in circulation today was created as interest-bearing debt, owed to a private bank. LETS credits are interest free and created by us, backed by real goods and services received in trade.

Regular money is scarce. LETS credits are as abundant as the goods, services, talents, and resources available in the community!

Regular money tends to leave the community quickly, when purchases are made from multi-national corporations. LETS credits stay within the community, generating a chain reaction of local trade that boosts the local economy and buffers it against macro-economic fluctuations.

Read more → Dive deeper with Thomas Greco →
Benefits

Benefits of LETS

LETS helps to bridge the disconnect between unmet needs and underutilized resources in our communities, that often occurs due to a lack of money:

  • enabling people to help each other by sharing their talents and resources;
  • helping families to make ends meet;
  • providing local businesses with interest-free credit, new customers, promotional opportunities, and a means to reduce cash expenses;
  • supporting not-for-profit organizations and community projects.
Benefits of LETS — Sydney LETS →
Background

Mutual Credit FAQs

The beginnings of mutual credit go back to the 19th century, and are rooted in the much more ancient practice of barter. Click below to learn more about the history of mutual credit and find answers to your other burning questions!

Credit Commons Society →
Global

LETS Worldwide

From New Zealand to the UK, mutual credit networks operate in communities around the world. Discover how similar systems are supporting local economies.

Local Currencies Directory →
Platform

About Cyclos

Our exchange is powered by Cyclos, a professional-grade community banking and trading platform trusted by LETS groups, time banks, and credit unions globally.

Visit Cyclos.org →
Important

Taxes & Community Currency

Trades made using community currency may have tax implications under Canadian law. If a transaction is taxable, members charge the taxable portion in cash and remit it to the government. Likewise, qualifying donations and expenses in COD may count toward tax deductions.

CRA Guidance →
Get Involved

Interested? Let us know.

We're growing carefully to build a strong foundation. Membership is currently by invitation, with plans to open to the wider public soon. Register your interest below and a community coordinator will be in touch.

All expressions of interest are reviewed by our community coordinators.