BROWSE

Saber Currency

What is 'Saber Currency'

A proposed Brazilian currency that would be handed out by the Ministry of Education to 7-year-olds to be redeemed only for university tuition. Saber currency is a complementary currency that was proposed by Bernard Lietaer to help Brazilian schools offer more educational opportunities, regardless of a lack of available funds. A type of educational voucher, the Saber is intended to facilitate more learning opportunities for a larger number of students, without adding any new financial pressures to the economy. The planned Saber currency has three capacities:
1. The Ministry of Education allocates Sabers to the youngest students (for example, 7-year-olds) in schools in economically disadvantaged areas. The young students must choose an older student (10 years old, for instance) as a mentor, and pays the mentor with the Sabers. The 10-year-old then does the same, finding an older student to mentor him or her. Down the line, 17 year olds will have collected the Sabers to be used towards university tuition. Redeemed Sabers are reallocated to young students.


2. Children or adults who help elderly or handicapped individuals can also earn Sabers.


3. Certain laborers could elect to be paid in the standard pay for the job, or at a reduced pay plus additional Sabers, an incentive for parents of children planning on attending university.

Explaining 'Saber Currency'

The word "saber" is the Portuguese (and Spanish) verb "to know." After Brazil privatized the mobile telephone industry, the country enacted a 1% tax allocated for educational purposes. When the Education Fund had grown to about 3 billion reals (US$1 billion), alternative solutions for its use were discussed, including the implementation of the Saber currency. A goal would be to provide a "multiplier of learning" to increase the number of students who can afford a college education in Brazil.


Further Reading


How knowledge base factors change natural resource curse to economic growth?
www.sciencedirect.com [PDF]
… 17 years (who want to go to university) would use the Sabers to pay … rate for those subjects with free spaces in the universities), the Saber system would … James Stodder,¶ Corporate barter and economic stabilisations, International Journal oI Community Currency Research, Vol 2 …

JOHN MAYNARD KEYNES EO INDIAN CURRENCY AND FINANCE.JOHN MAYNARD KEYNES EO INDIAN CURRENCY AND FINANCE.
search.ebscohost.com [PDF]
… 17 years (who want to go to university) would use the Sabers to pay … rate for those subjects with free spaces in the universities), the Saber system would … James Stodder,¶ Corporate barter and economic stabilisations, International Journal oI Community Currency Research, Vol 2 …

A study of the interactive relationship between oil price and exchange rate: A copula approach and a DCC-MGARCH modelA study of the interactive relationship between oil price and exchange rate: A copula approach and a DCC-MGARCH model
www.sciencedirect.com [PDF]
… 17 years (who want to go to university) would use the Sabers to pay … rate for those subjects with free spaces in the universities), the Saber system would … James Stodder,¶ Corporate barter and economic stabilisations, International Journal oI Community Currency Research, Vol 2 …

Complementary Currency SystemsComplementary Currency Systems
books.google.com [PDF]
… 17 years (who want to go to university) would use the Sabers to pay … rate for those subjects with free spaces in the universities), the Saber system would … James Stodder,¶ Corporate barter and economic stabilisations, International Journal oI Community Currency Research, Vol 2 …



Q&A About Saber Currency


Who allocates Sabers to young students?

The Ministry of Education.

How does Saber work?

The youngest students (7 year olds) are given Sabers and must find an older student to mentor them, who in turn finds a younger student to mentor. This continues down the line until 17 year olds collect their Sabers and use them towards university tuition.

What can you do with your Saber currency?

You can use it towards university tuition or help elderly or handicapped individuals. If you choose the latter, you will receive additional Sabers as payment for helping someone else out.

Are there any other ways that one could earn Saber currency?

Yes, certain laborers could elect to be paid in standard pay for the job or at a reduced pay plus additional Sabers if they wish to attend university themselves later on in life.

What is Saber Currency?

A proposed Brazilian currency that would be handed out by the Ministry of Education to 7-year-olds to be redeemed only for university tuition.

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