The JAK Bank: Interest Free Full Reserve Banking!
Reblogged from Real Currencies:
The JAK Bank provides us with an important model for interest free saving and lending. It is a fully fledged alternative for interest bearing Full Reserve Banking.
The Swedish JAK Bank is based on a Danish concept from 1931. It started in 1965 and obtained a banking licence in 1997. It's a cooperative bank owned by its members, of which there are about 38,000.
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