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Money2069

Banco de Tempo Portugal

Time Bank Network·active·Portugal

Banco de Tempo is Portugal's national network of time banks. Members give an hour of help and earn an hour of credit. They can spend that credit on anyone else registered at their agency. An hour of gardening and an hour of language teaching are worth the same. The women's movement Graal has coordinated the network since 2002, when the first agency opened in Abrantes. About 23 agencies now run across mainland Portugal and Madeira, with roughly 1,600 members between them.

3.8
Substantially aligned
Monetary Sovereignty
4.4
Civilizational Durability
2.7
Universal Adoption
3.3
Rated 5d ago
M69 Verdict

Portugal's national time bank network, twenty-four years old and clearly active, with about 23 agencies and 1,600 members. The design is as fiat-independent as anything in the catalogue: no peg, no reserve, no bank, no oracle, and every unit is an hour of work that was really done. It is held down by scale and by having no merchants at all, and it sits just below the Italian national network because its agencies are coordinated branches rather than independent associations.

M69 Score

M69 Alignment3.8
Substantially aligned
1.02.03.04.05.0
12345Iss Mod 3xStability 2xFia Ind & Int 2xTraction 2xSovereigntyGovernanceResilienceInclusivity
Monetary Sovereignty4.4
Issuance (3x) + Stability (2x) + Fiat Indep. (2x)
Civilizational Durability2.7
Sovereignty + Governance + Resilience
Universal Adoption3.3
Traction (2x) + Inclusivity
Iss Mod3x
5.0
Stability2x
4.0
Fia Ind & Int2x
4.0
Traction2x
3.0
Sovereignty
2.0
Governance
3.0
Resilience
3.0
Inclusivity
4.0

Scored against the Money2069 Manifestosee methodology. Higher = more aligned.

Detailed Rating Breakdown

Issuance Model3x
5.0

IM-01 4, IM-02 5, IM-03 5, IM-04 5, IM-05 5 (avg 4.8). Every unit is one hour of work that was actually delivered, recorded on a time cheque the receiver signs. Nothing is borrowed into existence, there is no cap, and spending a credit destroys it exactly as delivering an hour created it. IM-01 is 4 rather than 5 because you have to be registered at an agency before your hour counts.

Spending Power Stability2x
4.0

SPS-01 3, SPS-02 4, SPS-03 3, SPS-04 5, SPS-05 4, SPS-06 2 (weighted 3.7). SPS-02 takes 4 under the band that covers a time unit anchored to real labour output. An hour has equalled an hour for twenty-four years with no deviation, which is SPS-04 5, and an hour of human help is a genuine long-run purchasing-power anchor, which is SPS-05 4. SPS-06 is 2: the mechanism only works inside a Portuguese agency.

Fiat Independence & Interoperability2x
4.0

FI-01 5, FI-02 5, FI-03 5, FI-04 5, FI-05 5, FI-06 4, FI-07 4, FI-08 2 (weighted 4.2). There is no peg, no reserve, no bank account and no oracle anywhere in the design, so a euro failure has no transmission path into an hours ledger. FI-07 is 4 rather than 5, and this is the deliberate gap against the Italian national network filed on 2026-08-08: Italy is a federation of independent local associations, while Portugal's agencies are branches of one network coordinated by Graal, so the local ledgers are less independent expressions of the same standard.

Traction2x
3.0

TR-01 5, TR-02 5, TR-03 2, TR-04 1, TR-05 4, TR-06 5, TR-07 5, TR-08 4, TR-09 5, TR-10 3, TR-11 4 (weighted 3.5). Twenty-four years old and unmistakably live: a national meeting at the Belem library on 16 June 2026 with more than forty people travelling from eight cities, an exhibition in Madeira in July 2026, and a newsletter at issue 29. The brake is TR-04 at 1, because no business anywhere accepts hours, and TR-03 at 2 on roughly 1,600 members.

Sovereignty
2.0

SO-01 3, SO-02 3, SO-03 2, SO-04 3, SO-05 3, SO-06 4, SO-07 3, SO-08 2, SO-09 1 (weighted 2.4). Graal coordinates everything, the network exists only in Portugal, and each agency sees every exchange its members make. SO-08 is 2 for that reason. SO-09 is 1: the hour rule is a written principle with no technical enforcement. This lands below the Italian federation at 3 for the same structural reason as FI-07.

Governance
3.0

GO-01 3, GO-02 3, GO-03 3, GO-04 4, GO-05 3, GO-06 3, GO-07 3, GO-08 4 (weighted 3.2). Graal sets the operating instruments and trains local management teams, and national meetings give agencies a say. GO-08 is 4 because the one-hour-equals-one-hour rule is constitutive rather than a parameter: changing it would end the thing. There is nothing to capture, which carries GO-04.

Resilience
3.0

RE-01 4, RE-02 4, RE-03 3, RE-04 5, RE-05 5, RE-06 4, RE-07 2, RE-08 4, RE-09 1 (weighted 3.3). It ran straight through the Portuguese austerity years and the pandemic without changing its mechanism, and hours cannot inflate or be run on, which is RE-06 4. Twenty-three separate agency ledgers give real redundancy. RE-07 is 2 because the network depends on Graal's own funding and volunteer effort with no revenue of its own.

Inclusivity
4.0

IN-01 2, IN-02 5, IN-03 4, IN-04 5, IN-05 5, IN-06 2, IN-07 4 (weighted 3.8). IN-05 is 5 and it is the heart of the design: a doctor's hour and a cleaner's hour buy exactly the same. Joining costs nothing, and the agencies work with isolated older people, school communities and Madeira. IN-06 is 2 because membership is by name at a local agency, and IN-01 is 2 because you must live near one.