Circulation of a digital community currency.

Circulation is the characteristic feature of successful currency systems, from community currencies to cryptocurrencies to national currencies. In this paper, we propose a network analysis approach especially suited for studying circulation given a system's digital transaction records. Sarafu is a digital community currency that was active in Kenya over a period that saw considerable economic disruption due to the COVID-19 pandemic.

Sarafu Community Inclusion Currency 2020-2021.

We describe a dataset of account information and detailed transaction records for a digital complementary currency in Kenya. This "Sarafu system" initially encompassed several local, physical community currencies, which began transitioning to a feature-phone mobile interface in 2017. One unit of "Sarafu" is roughly equivalent in value to a Kenyan shilling.