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]
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