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Small town launches its own stimulus: a local currency made of YUPO.

Two residents of North Fork, a former lumber town near Yosemite, developed a scrip to encourage residents to shop locally. It's catching on slowly because most businesses still want to be paid in old-fashioned greenbacks.

January 15, 2011 | By Alana Semuels, Los Angeles Times

Reporting from North Fork, Calif. — Located almost in the dead center of California, North Fork is like a lot of other rural outposts: It's losing businesses and hopes for a turnaround.

But there's nothing typical about the town's biggest booster, Josh Freeman. His efforts to resuscitate this tiny town include launching a local currency emblazoned with butterflies and hummingbirds in a bid to keep wealth in the community.

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