TENINO: Tucked away under lock and key in a former railroad depot turned small-town museum in the US state of Washington, a wooden printing press ...
TENINO: Tucked away under lock and key in a former railroad depot turned small-town museum in the US state of Washington, a wooden printing press cranked back to life to mint currency after nearly 90 dormant years.
Tenino, a town of less than 2,000 people located about 95km southwest of Seattle, started printing the local banknotes in April, five weeks into Washington state's lockdown.Anyone with a documented loss of income as a result of the pandemic is eligible for up to US$300 a month of the local currency. "The City of Barcelona gave donations to sports teams and cultural groups as well as social programs watched these donations go to big box stores," she said in emailed comments.
The mayor brought the idea of resurrecting the town's legacy project to the city council as a way to provide economic relief to businesses and residents suffering as a result of lockdown measures to slow the spread of COVID-19.So far, 13 residents have successfully applied for the funds and some US$2,500 worth of wooden bills have been issued, Fournier said, with donations upping the total funds available to US$16,000.
"From mom-and-pop shops on Main Street to local employers who are anchors in our community, we have seen the PPP save millions of jobs and keep small firms moving forward," said Jeremy Field, the regional administrator for the Small Business Administration, which oversees the program. In a case of history repeating, he said coin collectors have offered to buy the bills from him for double their value in U.S. dollars.
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