2018 Swiss sovereign-money initiative

Swiss referendum of June 2018
on money creation
("Sovereign Money Initiative")
10 June 2018[1]

Do you accept the popular initiative "for crisis-safe money: money creation by the National Bank only! (Sovereign Money Initiative)"?[2]
WebsiteOfficial announcement
Results
Choice
Votes %
Yes 442,387 24.28%
No 1,379,448 75.72%
Yes
24.28%
No
75.72%
Blank[note 1]
1.8%
Null[note 1]
0.4%

The Swiss sovereign money initiative of June 2018, also known as Vollgeld,[note 2][note 3] was a citizens' (popular) initiative in Switzerland intended to give the Swiss National Bank the sole authority to create money.[2]

On 10 June 2018, the initiative was defeated in the vote, with 76% per cent of voters rejecting it.[3][4]

  1. ^ Cite error: The named reference June2018 was invoked but never defined (see the help page).
  2. ^ a b "Popular initiative: "For crisis-safe money: Money creation by the [Swiss] National Bank only! (Sovereign Money Initiative)"". Swiss government website. 28 March 2018. Retrieved 14 April 2018.
  3. ^ Atkins, Ralph. "Swiss voters reject 'sovereign money' initiative". Financial Times. No. June 10, 2018. Retrieved 10 June 2018.
  4. ^ Bosley, Catherine (10 June 2018). "Swiss Reject Radical Sovereign Money Proposal". Bloomberg.com. Bloomberg. Retrieved 10 June 2018.


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