By Maverick Teo

What if there was a unit of currency in which the acts of giving and receiving could cultivate friendship and meaningful relationships? What if all time spent is of equal value? What if this currency could enable more active and fulfilling lives for people, especially seniors? As it happens, time holds the potential to act as this alternative form of exchange.

History of time banks

Teruko Mizushima, a Japanese housewife, started the world’s first time bank in 1973. The ideas on which Mizushima based her organisation Volunteer Labour Bank (now Volunteer Labour Network) stemmed from her experiences…

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