- Feb 7, 2004
- 5,631
- 3,350
Fredrick Douglas is the answer!!
"African American Face Reserve Obligation" (AFRO) Notes were issued in Chicago, Illinois in the late 1980's. This purpose of this colorful "scrip" was to stimulate business and economic activity, primarily for the less prosperous areas of Chicago. The concept was to build incentive for stores using these "dollars" to be frequented more often and stimulate the local growth of the region. These Afro Dollars were accepted by merchants and participating banks just like your Federal Reserve Notes are now. Apparently, the idea went sour and eventually failed when the banks abandoned it.
The front of the notes display the portrait of Fredrick Douglass. Fred
http://www.eduqna.com/Trivia/1104-Trivia-7
(Look up 20 dollar Afro dollar in images)
"African American Face Reserve Obligation" (AFRO) Notes were issued in Chicago, Illinois in the late 1980's. This purpose of this colorful "scrip" was to stimulate business and economic activity, primarily for the less prosperous areas of Chicago. The concept was to build incentive for stores using these "dollars" to be frequented more often and stimulate the local growth of the region. These Afro Dollars were accepted by merchants and participating banks just like your Federal Reserve Notes are now. Apparently, the idea went sour and eventually failed when the banks abandoned it.
The front of the notes display the portrait of Fredrick Douglass. Fred
http://www.eduqna.com/Trivia/1104-Trivia-7
(Look up 20 dollar Afro dollar in images)