Press invitation 16th March 2018

Dear Finance and Economics Media Representatives,

You are cordially invited to the media conference for the launch of the referendum campaign for the Sovereign Money referendum, which will be held in Switzerland on 10th June 2018.

Best wishes,

Raffael Wüthrich
Tel. +41 78 817 01 47

Launch of the referendum campaign for Sovereign Money

Berne - On Thursday, 22 March 2018, the media conference for the launch of the Sovereign Money referendum campaign will take place at the Media Centre in the Federal Palace. The group bringing the initiative will present the new campaign themes and posters for the campaign. The Sovereign Money Initiative will be put to the vote on 10th June 2018.

The following people will speak:

Raffael Wüthrich (Member of the campaign team)

Dr. oec. Reinhold Harringer (Media spokesman and co-initiator)

Sergio Morandi (Member of the Scientific Advisory Board, Ticino)

Jean-Marc Heim (Member of the campaign team, French-speaking Switzerland)

Katharina Serafimova (Member of the Scientific Advisory Board)

Speakers will use German, French and Italian, but will be happy to answer questions posed in English. Further information in English will be available.


Date: Thursday 22 March, 2018

Location: Federal Palace Media Centre

Time: 10 o' clock

Please register by contacting


We look forward to welcoming you at the media conference.

Please do not hesitate to contact me if you have any questions.

Best regards,

Raffael Wüthrich
Tel. +41 78 817 01 47

What is sovereign money?

Sovereign money is full-value legal tender which is created and brought into circulation by public institutions, typically a central bank, rather than private banks. Currently coins and banknotes are the only forms of sovereign money available to the public. The money in people‘s bank accounts is neither sovereign money nor legal tender.

What is electronic money?

It‘s the numbers in bank accounts, also known as "book money". Currently the money in people‘s bank accounts is not created by the Swiss National Bank, but by private banks when they make loans. This "virtual" money on our bank accounts isn‘t legal tender, it‘s just a promise made by the banks to pay us cash and settle payments on our behalf, when requested. Legally it belongs to the bank, not to the holder of the bank account.

What is a Swiss people's initiative?

It's Switzerland’s system of direct democracy: if 100,000 people sign an official petition for a change to Switzerland’s written constitution, there has to be a binding national referendum on the proposed change.

Over 110,000 signatures supporting the Sovereign Money Initiative were formally handed over to the Swiss authorities in December 2015. The referendum on adopting a Sovereign Money system will be held in Switzerland on 10th June 2018.


General Information
The Background to the National Referendum on Sovereign Money in Switzerland (this 15 page booklet explains Sovereign Money, the Swiss system of direct democracy and gives the proposed changes to the text of the Swiss constitution as well as explanations and technical details)
Yes to the Swiss Sovereign Money Initiative: Campaign Messages

The Swiss Sovereign Money Initiative: Five questions with answers
The Swiss Sovereign Money Initiative: Answers to Criticisms

Scientific Advisory Board

Technical Studies on Sovereign Money

Articles and Interviews
The Cobden Centre in London has interviewed us about the Swiss Sovereign Money Initiative.
Further articles and press cuttings in English can be found on our website

The Sovereign Money Initiative was launched by the independent NGO Monetäre Modernisierung (MoMo).
The advisory board has 23 members including Philippe Mastronardi, Professor em. for PublicLaw, Sergio Rossi, Professor for Macroeconomics
and Monetary Economics and  Peter Ulrich, Professor em. for Business
Our mailing address is:
Postfach 3160
Wettingen 5430

Add us to your address book

unsubscribe from this list

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
Vollgeld-Initiative · Postfach 3160 · Wettingen 5430 · Switzerland

Email Marketing Powered by Mailchimp