20 Jun 2019

At the conference "The Future of Money - Central Bank Digital Currency and Beyond" on June 15, 2019 in Stockholm, Sweden, central bank digital currency (CBDC) and the planned launch of an e-krona were critically scrutinized by academics, central bankers, bankers and monetary reform initiatives.Why central bank digital currency?The declining use of cash in everyday payments was the start...

14 Jun 2019

The purpose of the International Movement for Monetary Reform (IMMR) is to reform our current monetary system (where the bulk of our money is created by private institutions) to one where all money is created free of debt in a democratic and transparent process by sovereign nations for society’s public good and for economic stability.To support our united efforts in changing the monetary...

02 May 2019

The goal of a sovereign money reform is to place the money creation into the hands of a public institution that serves the public interest. However, there are still many different design options how to implement this, i.e. what instruments should be used to steer the money supply or if the payment system should be run by the state or private payment providers. To bring more clarity to th...

07 Apr 2019

The International Movement for Monetary Reform (IMMR) gathered members from across the world for its annual meeting on the 22-24th March 2019. This year the meeting took place in Madrid, Spain, where we enjoyed a blue sky and spring-blooming, although most of the time was spent indoors listening, sharing and discussing. We started the meeting in a circle where we got to know each ...

11 Mar 2019

As a response to the WRR report "Money and debt" a magazine for economics teachers (TEO) presented some questions to Ons Geld. Both these questions and the answers are presented below. In "Money and debt: the public task of banks", the WRR makes various recommendations (especially to politicians) about our monetary system. For example, the council argues for more diversity in the fin...

25 Feb 2019

Recently, I attended a 2-day gathering of 600 people from all over the world for a summit in Vancouver Canada with many bankers, regulators and economists. The GABV is an international network of small and mid-sized bankers who are already going against the grain to do banking differently:  for banking on values at the risk of immediate short-term profits, for banking to meet real commun...

01 Feb 2019

The Dutch Scientific Council for government policy (WRR) presented its report on the monetary system on the 17th of January 2019. The report is called “Money and Debt, the public role of banks”. The main objective of the report is to describe in depth the role that banks play in the current monetary system and how money is created. It has to advise the government on this system and to...

22 Nov 2018

Brussels - EU Commissioner Varoufakis has announced a citizens' dividend. For every European, € 25,000 is available for debt reduction. This follows the switch to the digital euro. Over 80% of all savings balances have now been converted. As of today, deposits are no longer freely available. The citizens’ dividend will be paid out in July and can be used to reduce bank loans. Those wh...