VyC Social Currency Project
Special exhibition part of the 2019 Loisaida Festival
Valor Y Cambio – NYC Launch!
on view at the Loisaida Festival from 12:00 pm – 5:00 pm.
Valor y Cambio, an interactive community currency project led by artists Frances Negrón-Muntaner and Sarabel Santos Negrón to address themes related to the Island’s ongoing debt crisis, will have its New York City premiere at the 2019 Loisaida Festival, followed by a one-month residency that will include partnerships with local businesses and other venues.
Valor y Cambio (#ValorYCambio), which first launched in Puerto Rico this past February, is a public art and storytelling project that asks participants about what they value and how the economy can respond to the needs of most people. In exchange of the participants’ stories, the project tenders a community currency, the Puerto Rican peso, as a means to promote stories of value, exchange economies, and collective empowerment.
Community currencies are increasingly used around the world to value the work, skills, and talents of people with limited access to the official currency. These currencies do not substitute the official one, but they enable communities to exchange work, time, and resources to meet their needs. There are thousands of community currencies circulating in the world, including in the United States.
The Puerto Rican peso is comprised of six denominations, each featuring a figure or community selected for their commitment to four core values: solidarity, equity, justice, and creativity. They are: the siblings Gregoria, Celestina, and Rafael Cordero, pioneers of Puerto Rico’s modern public education system; the abolitionist physician Ramón Emeterio Betances; feminist and labor organizer Luisa Capetillo, poet Julia de Burgos, human rights advocate and MLB Hall of Famer Roberto Clemente; and the eight communities that comprise the Martín Peña channel in San Juan.
Part of the Pasado y Presente: Art after the Young Lords exhibition, in partnership with the Nathan Cummings Foundation