8 Jun 2018

Switzerland votes on radical banking overhaul

From Afternoons, 1:20 pm on 8 June 2018

Swiss voters go to the polls this weekend to decide what could be a radical change to the country's banking system.

The So-called Sovereign Money Initiative would make it so the Swiss National Bank is the only body allowed to produce money, which supporters say will make the industry more stable.

Critics say the move would be "suicidal". 

Don Richards has been campaigning to change the way our banking system works here in New Zealand with his organisation Positive Money, and he explains how it would work. 

Swiss National Bank

Swiss National Bank Photo: Wikimedia Commons