Thanks to the hard work of Monetäre Modernisierung (MoMo), the Swiss member organisation of the IMMR, in 2018 Swiss citizens will get to decide on the Vollgeld Initiative, which advocates for money creation by the National Bank alone. The Initiative stands against the privatization of the Swiss franc and the current system by which 90% of Swiss money is produced by private banks. Follow ...

The Swiss Government formally recommends voters reject the Sovereign Money Initiative which proposes to abolish the power of private banks to create money. Pro-monetary reform campaigners respond to unfounded criticisms. Article improved and edited with help from Emma Dawnay and Spencer Veale. A year ago, 111,819 signatures were delivered to the Swiss Parliament, thereby triggering...

The Federal Government of Switzerland has published a negative opinion on the citizens' initiative proposing to prohibit money creation by private banks. Last November it was announced that the Swiss campaign for monetary reform Modernising Money (MoMo) had collected 111,819 signatures to support a referendum on removing the ability of banks to create money. The Swiss Federal Counc...

The Swiss population will be the first in the world to vote on their banking and monetary system, thanks to the tireless efforts of a pro-Sovereign Money campaign. This article was initially published on Positive Money's blog. The “Vollgeld Initiative” (Sovereign Money Initiative) has successfully managed to collect 100,000 signatures –  the number required to trigger a nationwide ...