WIR Bank

The WIR Bank, formerly the Swiss Economic Circle (GER: Wirtschaftsring-Genossenschaft), or WIR, is an independent complementary currency system in Switzerland that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the WIR Franc, which is used, in combination with Swiss Franc to generate dual-currency transactions. The WIR Franc is an electronic currency reflected in clients' trade accounts and there is no paper money. The use of this currency results in increased sales, cash flow and profits for a qualified participant. WIR has perfected the system by creating a credit system which issues credit, in WIR Francs, to its members. The credit lines are secured by members pledging assets. This ensures that the currency is asset-backed. When two members enter into a transaction with both Swiss Francs and WIR Francs it reduces the amount of cash needed by the buyer; the seller does not discount its product or service.

Avalon

Avalon (/ˈævəˌlɒn/; Welsh: Ynys Afallon; probably from afal, meaning "apple") is a legendary island featured in the Arthurian legend. It first appears in Geoffrey of Monmouth's 1136 pseudohistorical account Historia Regum Britanniae ("The History of the Kings of Britain") as the place where King Arthur's sword Excalibur was forged and later where Arthur was taken to recover from his wounds after the Battle of Camlann. Avalon was associated from an early date with mystical practices and people such as Morgan le Fay.

Etymology

Geoffrey of Monmouth referred to it in Latin as Insula Avallonis in the Historia. In the later Vita Merlini he called it Insula Pomorum the "isle of fruit trees" (from Latin pōmus "fruit tree"). The name is generally considered to be of Welsh origin (though an Old Cornish or Old Breton origin is also possible), derived from Old Welsh aball, "apple/fruit tree" (in later Middle Welsh spelled avall; now Modern Welsh afall). In Breton, apple is spelled "aval"/ "avaloù" in plural. It is also possible that the tradition of an "apple" island among the British was influenced by Irish legends concerning the otherworld island home of Manannán mac Lir and Lugh, Emain Ablach (also the Old Irish poetic name for the Isle of Man), where Ablach means "Having Apple Trees" – derived from Old Irish aball ("apple")—and is similar to the Middle Welsh name Afallach, which was used to replace the name Avalon in medieval Welsh translations of French and Latin Arthurian tales. All are etymologically related to the Gaulish root *aballo- (as found in the place name Aballo/Aballone, now Avallon in Burgundy or in the Italian surname Avallone) and are derived from a Common Celtic *abal- "apple", which is related at the Proto-Indo-European level to English apple, Russian яблоко (jabloko), Latvian ābele, et al.