Tumin Chiapas, a project that promotes local commerce and solidarity with consumers

The Túmin is a community currency which is used in some States of Mexico, among them are Puebla, State of Mexico, San Luis Potosí, Guerrero, Oaxaca and Chiapas. It is used by small producers and merchants, who have agreed to reside in it, for at least 10% of the cost of their products.

The founder shared that the community currency emerged in Veracruz, through the media and organizations it was disseminated and expanded to other states.

Some services offered by people who use tumin are: bakery, carpentry, pottery, seamstresses, shoe stores, butchers, grocery stores, religious services in churches and, in products, they can find seeds, organic food, fruits, flowers, tortillas, plants, water. purified, honey, cheese and coffee.

They affirm that the community currency should be used, in order to have more cash to make purchases and that it does not go to large companies or countries, helping to promote local commerce, it also creates a sense of community identity, among others forms of interpersonal and commercial relationships.

In Chiapas, they want the currency to circulate better, they plan to implement a promotion coordination, since in San Cristóbal de Las Casas there are more than 100 persons who use this alternative currency, but there is no one who promotes trade and production, in the same way it would help people interested parties can request reports, register and participate.

In my personal opinion, this news seemed very interesting because it can be a great barrier and at the same time an opportunity for commerce, if we want to establish a business in any of these states. A high percentage of the population belong to indigenous groups which in some years will use the alternative currency Tumin, we might think that there may be legal problems since in Mexico the official currency is the peso, but it turns out that it is totally legal, according to the Penal Code In Mexico, what is prohibited in Article 234 is the issuance of "national or foreign banknotes and metallic pieces that are legal tender in the issuing country." As the Túmin is not a legal tender in Mexico, this law does not apply, which, as entrepreneurs, generates benefits, since national taxes cannot be paid in Tumin with this currency.

If we were to establish a business, we would most likely have to incorporate the Tumin currency into the company, which would be a barrier to capital, because the money generated could only be spent right there in the region and not throughout the country.

                                             www.chiapasparalelo.com (2020, September 25). Túmin Chiapas, un proyecto que fomenta el comercio local y la solidaridad con los consumidores. Retrieved September 27, 2020, from https://www.chiapasparalelo.com/noticias/2020/09/tumin-chiapas-un-proyecto-que-fomenta-el-comercio-local-y-la-solidaridad-con-los-consumidores/