La Doume
Citizen-run local complementary currency of the Puy-de-Dôme (Auvergne, France), in circulation since January 2015 and run by the association ADML63. Euro-backed at par (fully 'nantie'), circulating as paper notes (1–50 doumes) and since 2018 as e-doume on the open-source Kohinos platform (AGPL). Live network stats (July 2026): 873 users, 222 professional providers, 24 partners, 10 local groups, 38 exchange counters, ~211,500 doumes in circulation — digital now outweighing paper. Aims: short circuits, non-speculative local economy, financing local projects.
A textbook healthy French MLCC: 11 years old, citizen-governed, full-reserve euro-backed, running on the open-source Kohinos platform with live 2026 activity (873 users, 222 businesses, ~211.5k doumes). Structurally euro-dependent like all MLCCs, but among the more durable and transparent of its class — slightly ahead of municipal peers on sovereignty and organic adoption.
M69 Score
Scored against the Money2069 Manifesto — see methodology. Higher = more aligned.
Detailed Rating Breakdown
Issuance Model3x3.0
Full-reserve euro conversion: debt-free issuance (IM-02=5), rule-based and open to any member (IM-01=3), supply elastic with conversion demand and reconvertible (IM-04≈3, IM-05=4), but creation tracks euro deposits, not real economic activity (IM-03=2).
Spending Power Stability2x3.0
Stability inherited from the euro via 100% backing — par held for 11 years without deviation (SPS-04=5), euro is a moderate-quality benchmark (SPS-02=3), associative transparency on reserves (SPS-03=3); no distinct long-term purchasing-power mechanism (SPS-05=2), local-only reach (SPS-06=2).
Fiat Independence & Interoperability2x2.0
Euro-denominated with ~100% fiat reserves at a bank (FI-01=1, FI-02=1, FI-03=2). Partial credit for the shared open-source Kohinos platform used across French MLCs — a real, adopted interoperability layer for local currencies (FI-07=3, FI-08=3).
Traction2x3.0
Active and currently maintained — site news dated July 2026, live network stats (TR-01=5), 11 years continuous operation (TR-02=5), 222 accepting businesses (TR-04=3), credible external coverage: France 3, ICI, Wikipedia, MLCC federation (TR-08=4), organic volunteer-driven adoption with no subsidies (TR-09=4), strong citizen/non-speculative charter identity (TR-11=4). Held down by scale: ~1,100 total participants (TR-03=2) and euro-equivalent pricing (TR-05=2).
Sovereignty3.0
Citizen association, not a government: open-source self-hostable stack (SO-02=4), but ADML63 is a single point of failure (SO-01=2), single-jurisdiction (SO-03=2), e-doume balances are custodial while paper is bearer (SO-04=3), rules enforced by charter and people, not technology (SO-09=2).
Governance3.0
Standard French associative democracy — general assembly, one-member-one-vote, published charter (GO-01≈3, GO-02=4, GO-03=3); principles stated but not structurally protected from override (GO-07=3).
Resilience3.0
11 years of continuous operation through COVID (RE-01≈3), full-reserve model is inherently run-proof (RE-06=4), simple and well-understood design on open-source software (RE-04=4, RE-05=4); the weak point is volunteer/membership funding with no endowment (RE-07=2).
Inclusivity3.0
Open to anyone in the department at near-zero cost (IN-02=4) with equal rules for all members (IN-05=5) and no seigniorage extraction — benefits flow to local projects (IN-04=4); geographically bounded by design (IN-01=2), light membership identity (IN-06=3), no anti-concentration mechanism (IN-07=3).