Skip navigation Scroll to top
Scroll to top

Sardex – a currency for Sardinia

June 16, 2020

reading time: 1 minute

by Sidi Staub (LGT)

Contentblocker Preview
If this video is played, personal data may be transmitted to the provider and cookies may be set..
Privacy policy

What do goat’s cheese, 3000 year-old nuraghe and the global financial crisis have in common?

“Why should a carpenter whose business is profitable no longer be able to get a loan just because something went wrong in London, Frankfurt or New York?” That’s the question Giuseppe Littera and his friends asked themselves when the Sardinian banks stopped granting loans to local businesses in the wake of the 2008 financial crisis. Their answer to the problem? The Sardex, a currency, but also an interest-free credit system independent from the banks and based on mutual support that builds on the age-old concept of networks embodied by the Sardinian nuraghe towers. Watch this video to learn about this amazing success story centered around human ingenuity and solidarity in times of crisis and read the whole story in our CREDO magazine.

Image: Raphael Zubler


More from the LGT Online Magazine?

Enter your E-mail address and get regular newsletter updated of the LGT Online Magazine.
Subscribe to newsletter