Dear Media Representatives,
We would like to draw your attention to some incorrect information from the Swiss National Bank (SNB) regarding the Sovereign Money referendum, which will take place in Switzerland on 10th June this year.
The FAQ document published by the SNB on the Sovereign Money Initiative has some information which is based on misunderstandings about Sovereign Money, and other information which is merely the opinion of the SNB but is stated as fact.
For example, a misunderstanding is that the SNB assume they can no longer target interest rates (as they do now) after implementing the sovereign money system: this is wrong. It is quite possible for the SNB to continue to target interest rates under the sovereign money system.
Full text of the SNB FAQ with our clarifications.
Please do not hesitate to contact me if you have any questions.
Best wishes,
Emma Dawnay
Tel. +44 7958458386
emma.dawnay@vollgeld-initiative.ch
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