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The Crédito was a local currency started on 1 May 1995 in Bernal, province of Buenos Aires, Argentina, on a garage sale, which was the first of many neighbourhood barter markets (mercados de trueque) that emerged in Argentina during the economic crisis.
He was a principal financial officer at the International Finance Corporation, the private-sector arm of the World Bank, where he was responsible for IFC's local currency financing programs in Asia and Eastern Europe.
One of his interests was in local currencies, and he started an experiment with such a currency in his home area, Exeter, New Hampshire; however, the project came to an early end with Borsodi's failing health.
In Honduras, the term tostón may also refer to the fifty-cent coin of the local currency, the lempira.