Élef

Local Citizen Currency·active·France

The élef is the local currency of the Chambéry basin and the Pays de Savoie in France. The association La Monnaie Autrement created it in 2014. One élef equals one euro. It circulates as paper coupons and as a digital account, and about 217 businesses accept it, from farms to restaurants. The network holds an annual gathering called the Village de l'Élef.

M69 Score

Methodology →

2.6

Weakly aligned

Monetary Sovereignty

2.4

Civilizational Durability

2.7

Universal Adoption

3.0

Rated 13d ago

M69 Verdict

One of the larger surviving French MLCs: 12 years, 217 businesses, paper plus digital, with 2026 activity on its own site and on Grand Chambéry's official agenda. Surfaced by the Wikidata sweep, verified on its rebranded domain elef73.org.

M69 Score

M69 Alignment2.6

Weakly aligned

1.02.03.04.05.0

Monetary Sovereignty2.4

Issuance (3x) + Stability (2x) + Fiat Indep. (2x)

Civilizational Durability2.7

Sovereignty + Governance + Resilience

Universal Adoption3.0

Traction (2x) + Inclusivity

Iss Mod3x

3.0

Stability2x

2.0

Fia Ind & Int2x

2.0

Traction2x

3.0

Sovereignty

3.0

Governance

3.0

Resilience

2.0

Inclusivity

3.0

Scored against the Money2069 Manifesto — see methodology. Higher = more aligned.

Detailed Rating Breakdown

Issuance Model3x

3.0

Association issues 1:1 against euros (IM-01: 2), debt-free (IM-02: 5), supply follows exchange demand (IM-04/05: 3-4), no real-economy index link (IM-03: 2).

Spending Power Stability2x

2.0

Euro peg only; imports euro inflation; no purchasing-power mechanism of its own.

Fiat Independence & Interoperability2x

2.0

Fully euro-backed and euro-denominated (FI-01/02: 1); paper leg circulates bank-free day to day (FI-03: 3); digital leg runs on its own account platform.

Traction2x

3.0

Twelve years live (TR-02: 5), 217 accepting businesses (TR-04: 3), paper plus digital, an annual public gathering on the agglomeration's official agenda (Village de l'Élef, October 2026), and a role in Chambéry's 2026 food-security experiment. Organic adoption (TR-09: 4); euros stay the unit of account (TR-05: 2).

Sovereignty

3.0

Paper leg is bearer money (SO-04: 5, SO-08: 5); digital leg is operator-run; the association is a single shutdown point (SO-01: 2); rules are policy, not code (SO-09: 1).

Governance

3.0

Membership association with volunteer governance and published activity reports.

Resilience

2.0

Twelve years on volunteer effort and donations; no durable funding model (RE-07: 2); simple, rebuildable mechanism (RE-04: 4).

Inclusivity

3.0

Paper needs no identity or minimum (IN-06: 5, IN-02: 5); digital account needs signup; one region by design.