International Movement for Monetary Reform

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The International Movement for Monetary Reform is an umbrella organization for monetary reform organizations[1] with nearly 30 organizations around the world,[2]:31 founded in 2013 at the initiative of the British organization Positive Money.[3] Their political goal is to replace the creation of money by bank lending with a system that creates money free of debt[4] and create a banking system that works for the people and for society.[5] IMMR reforms would establish a state and central bank monopoly on money creation and allow interest-free money's use and quantity to be democratically decided.[6] IMMR takes an idealist-pragmatic approach, not just describing a better form of money but aiming to implement it through advocacy[7] as nonviolent peacebuilding.[8]

IMMR affiliated organizations developed sovereign money reform varieties, some country specific.[9] According to IMMR and other reformers, excessive bank power creates instability.[10] The IMMR works with countries to promote a steady-state economy, without "too big to fail" banks.[11] Proponents claim proposals like the Chicago Plan would stabilize the currency and reduce financial damage from boom bust cycles.[2]:46

The governments of United Kingdom, Iceland, the Netherlands, and Switzerland have taken some steps towards monetary reform.[12] European members of IMMR provided perspectives on central bank digital currency design.[13]

## See also

* Monetary reform
* Money creation
* Credit theory of money
* Money as Debt
* List of monetary reformers
* Criticisms of fractional reserve banking

## References

1. ↑ Grey, Rohan (2019). "Monetary Resilience". Western New England Law Review 41: 508. https://heinonline.org/HOL/Page?handle=hein.journals/wnelr41&id=471&div=&collection=.
2. ↑ 2.0 2.1 Tallon, Jeff (2019-05-09). Human Capital (masters thesis). OCAD University.
3. ↑ "International Movement for Monetary Reform gathers momentum - Positive Money". 2 March 2016. http://positivemoney.org/2016/03/international-movement-gathers-momentum/.
4. ↑ "Home - International Movement for Money Reform". https://internationalmoneyreform.org.
5. ↑ Burgi Bonanomi, Elisabeth (2025). "Promoting Sustainable Investment and Trade, in: Financialisation, Eco-Desctruction and Human Rights Beyond Borders". SSRN Electronic Journal: 26. doi:10.2139/ssrn.5332001. ISSN 1556-5068. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5332001.
6. ↑ Kärrylä, Ilkka (2021), Kärrylä, Ilkka, ed., "From Democratization to Liberalization" (in en), Democracy and the Economy in Finland and Sweden since 1960: A Nordic Perspective on Neoliberalism (Cham: Springer International Publishing): p. 292, doi:10.1007/978-3-030-80631-6_7, ISBN 978-3-030-80631-6, https://doi.org/10.1007/978-3-030-80631-6_7, retrieved 2025-07-26
7. ↑ Bindewald, Leander (2018). "The Grammar of Money: An Analytical Account of Money as a Discursive Institution in Light of the Practice of Complementary Currencies". ProQuest Dissertations & Theses (Lancaster University): 11. https://www.proquest.com/openview/c2343e12c31021362a41f3792341ba6c/1?cbl=18750&diss=y&pq-origsite=gscholar.
8. ↑ Strickler, Weston Elliot (2018-06-30). "Nonviolent Buddhist Peace Work: Textual Support for Nonviolent Peace Work in Early Buddhism" (in en). The Journal of International Association of Buddhist Universities 11 (3). ISSN 2697-5068. https://so06.tci-thaijo.org/index.php/Jiabu/article/view/219850.
9. ↑ Huber, Joseph (2023-02-17) (in en). The Monetary Turning Point: From Bank Money to Central Bank Digital Currency (CBDC). Springer Nature. ISBN 978-3-031-23957-1. https://books.google.com/books?id=YtSuEAAAQBAJ&dq="International+Movement+for+Monetary+Reform"+-wikipedia&pg=PA89.
10. ↑ Malabou, Catherine (May 2020). "Cryptocurrencies: Anarchist Turn or Strengthening of Surveillance Capitalism? From Bitcoin to Libra". Australian Humanities Review (66): 147. https://australianhumanitiesreview.org/wp-content/uploads/2020/05/AHR66_09_Malabou.pdf.
11. ↑ Marshall, James GS (2019-08-20) (in en). What Does Green Mean?: The History, People, and Ideas of the Green Party in Canada and Abroad. FriesenPress. ISBN 978-1-5255-5287-8. https://books.google.com/books?id=DUuqDwAAQBAJ&dq="International+Movement+for+Monetary+Reform"+-wikipedia&pg=PA309.
12. ↑ Hirota, Yasuyuki (2016). "Reshuffling the monetary and financial system: lessons from the social and solidarity economy". University of National and World Economy. p. 46. https://mrcenter.info/Doc/Books/Book_2016.pdf.
13. ↑ Nugroho, Ivo (2018). "Evaluation of Central Bank-issued Digital Currency (CBDC) Implementation Designs using Transaction Cost Economics Perspective". Delft University of Technology. https://repository.tudelft.nl/file/File_3a4c327b-b97b-43b5-89db-cda7e75e771d?preview=1.

## External links

* Official website

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