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e-flux's Time/Store opens at 41 Essex Street, New York

Stairs to ground floor where Time/Store is located on 41 Essex Street. Above e-flux store.

Time bank notes designed by Lawrence Weiner.
e-flux (artists Anton Vidokle and Julieta Aranda) began Time / Bank in 2009, with the "hope to create an immaterial currency and a parallel micro-economy for the cultural community, one that is not geographically bound, and that will create a sense of worth for many of the exchanges that already take place within our field." Previously presented during Frieze 2009, the project is now being presented in New York, with a store located on the ground level of 41 Essex Street.

Based on existing time banks such as Paul Glover's 1991 initiative in Ithaca, New York, e-flux's Time / Bank "will allow individuals to request, offer, and pay for services in Hour Notes" (designed by Lawrence Weiner and issued in half, one, six, twelve and twenty-four hour denominations). "When a task is performed, the credit hours earned may be saved and used at a later date, given to another person, or contributed towards developing larger communal projects."

Members can obtain Hour Notes by opening an account and earning hour credits by helping others. On the website listings are organised under categories such as Handy Works, Communication, Organization, Education, General Assistance, Transportation, Food, etc.

Quotes taken from http://www.e-flux.com/timebank/

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