In the summer of 1932, deep in the Depression, the Austrian town of Wörgl began paying for public works with notes of its own.
The notes carried a cost borrowed from the economist Silvio Gesell. Each month the holder had to buy a stamp worth 1% of the note and stick it on, or the note stopped being valid. Holding one cost money, so nobody held them for long.
The notes kept moving. Mayor Michael Unterguggenberger's experiment ran until Austria's central bank ended it in September 1933.