The digital transition: Sovereign Money and digital currency

The digital transition: Sovereign Money and digital currency

Dec 20, 2019 | Petition 1

PART 4: Excerpt from Positive Money NZ’s submission to Parliament’s Finance and Expenditure Committee, September 2019. At the core of our proposed system is the ‘unbundling’ of the payments and lending functions of commercial banks. Instead of demand deposits being...
The question of implementation

The question of implementation

Dec 20, 2019 | Petition 1

PART 5: Excerpt from Positive Money NZ’s submission to Parliament’s Finance and Expenditure Committee, September 2019. New Zealand, Canada, Australia, and Guernsey have done it before. New Zealand Back in the 1930s, the Reserve Bank successfully created money to build...