News

News and campaign updates from the team at
Positive Money New Zealand.

Executive summary

Executive summary

Positive Money NZ’s submission to Parliament’s Finance and Expenditure Select Committee proposes thinking differently about how new money is created, and that we use any new money for the wider public good.

How the Positive Money proposal would work

How the Positive Money proposal would work

Our proposed reforms would see all new money created debt-free by the Reserve Bank, with the benefits flowing to citizens in the form of a safer banking system, less debt, and more funding for public services.

The digital transition: Sovereign Money and digital currency

The digital transition: Sovereign Money and digital currency

At the core of our proposed system is ‘Sovereign Money’, a form of Central Bank Digital Currency (CBDC). This puts the Reserve Bank in control of all money to produce a safer, fairer banking system, and finally modernises a banking system that was built around paper-based processes.

The question of implementation

The question of implementation

There are two broad choices for the transition process – either a phased-in approach, or an immediate switch. Either approach could be implemented without disruption to the wider economy. And we’ve been here before. New Zealand used a similar approach in the 1930s to build the first state houses, fund infrastructure and new businesses.

No need to borrow for infrastructure

No need to borrow for infrastructure

The Government’s recent announcement that it will spend an extra $12 billion on infrastructure for new roading, rail, schools and healthcare projects, is welcome news. But there is a better way to fund it than to take on billions of dollars of debt.

California signs public banking act into law

California signs public banking act into law

A financial revolution has begun in California. The Governor, Gavin Newsom, has just signed #AB857 Public Banks into law, making it possible for California cities and counties to take control of their banking system through the creation of public banks. With public...

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