La Bulle

IM-01 3 (join the association and exchange, no gatekeeping beyond membership), IM-02 5 (no debt anywhere in the design, every Bulle exists because a euro was handed over), IM-03 2 (issuance follows demand for the currency, not any measure of local output), IM-04 4 (elastic and uncapped in both directions), IM-05 4 (businesses reconvert to euros, so the float shrinks as well as grows). Average 3.6.

SPS-01 3 (a full euro reserve and redemption at par), SPS-02 3 (the euro is a low inflation reference), SPS-03 3 (the guarantee fund sits at a named ethical bank, but there is no published audit), SPS-04 4 (parity has held since 2019), SPS-05 2 (long-run purchasing power is not addressed), SPS-06 2 (the currency only works inside the Charente). Weighted 2.9.

This is the weakest category and the score is the honest arithmetic. FI-01 1 (a Bulle is a euro by definition), FI-02 1 (the reserve is entirely euros), FI-03 2 (the euro fund at La Nef is needed for routine reconversion), FI-04 1, FI-05 2 (a euro failure takes the reserve with it), FI-06 1 (no transition is planned or wanted), FI-07 2 (nothing else can denominate in the Bulle), FI-08 2 (no cross-currency standard). Weighted 1.5.

TR-01 4 (live, and the April 2026 call for volunteers shows it is running thin), TR-02 4 (launched March 2019), TR-03 2 (about 4,500 members at the last public count), TR-04 3 (332 accepting businesses at the last public count), TR-05 2 (everything is priced in euros and paid in Bulles), TR-06 4, TR-07 5 (the agglomeration, the city, three chambers and La Nef), TR-08 3 (regional press and institutional pages), TR-09 3 (a 2021 municipal giveaway of 50 euros to 5,000 staff drove much of the growth), TR-10 3 (no fresher figures published), TR-11 3. Weighted 2.9.

SO-01 2 (one association runs it), SO-02 2 (the payment app is proprietary), SO-03 1 (one country, one department), SO-04 3 (paper notes are self-custodied, the app balance is not), SO-05 2 (one salaried post and volunteers), SO-06 2 (the app provider and the bank), SO-07 3 (membership can be refused, but nothing is blacklisted in practice), SO-08 3 (paper spends privately, the app does not), SO-09 1 (the rules are statutes, no technology enforces them). Weighted 2.0.

GO-01 4 (a French 1901 association with statutes and a general assembly), GO-02 4 (one member one vote across roughly 4,500 members), GO-03 3 (decisions are public to members, less so outside), GO-04 4 (there is nothing worth capturing), GO-05 3, GO-06 2, GO-07 3 (the local currency charter and the 2014 social economy law set the object), GO-08 3 (parity and the guarantee fund are fixed in statute and in French law). Weighted 3.2.

RE-01 3 (seven years including the pandemic, no adversarial event), RE-02 2 (one association, one app), RE-03 3 (paper notes and a euro fund survive a systems failure), RE-04 5 (the whole design fits on a page), RE-05 4 (paper is the fallback for any app), RE-06 3 (fully reserved, so a run just drains the fund in an orderly way), RE-07 2 (one salaried post, and the April 2026 post asks publicly for help), RE-08 3 (paper works with no network), RE-09 1. Weighted 2.6.

IN-01 3 (you have to be in the Charente and join), IN-02 3 (a membership fee), IN-03 3 (paper notes work without a bank account, but the underbanked are not the target), IN-04 5 (a nonprofit, and the euro reserve is lent to local projects rather than earning anyone a spread), IN-05 5 (identical rules for every member), IN-06 3 (name and contact, no identity documents), IN-07 4 (no interest, no yield, the design pushes money to circulate). Weighted 3.8.