May 2017 Positive Money New Zealand issued a press release seeking clarity from the Reserve Bank on how our money is created.  They still refer to intermediation by the banks, which is not how our banking system works.

5th November 2016 An article in The Guardian newspaper in England argued that abolishing debt-based currency holds the secret to getting our system off its addiction to growth.

5th September 2016 KPMG released a report, commissioned by the Prime Minister of Iceland, titled "Money Issuance" The report looked at money created by the Government.

28 March 2016 Bryan Gould has agreed to be the Patron for Positive Money New Zealand.

Bryan is a respected commentator on economic matters, an author, academic and Companion of the New Zealand Order of Merit.

31 October 2015 A monetary reform group in Switzerland has enough signatures for a referendum on who creates their money supply.

14 October 2015 The Finance Commission of the Dutch parliament discussed monetary reform.

31 March 2015. The Telegraph in London reports on the Icelandic governments plan to have their central bank issue their money supply and calls it a radical plan.

22 November. The British parliament debated money creation last week, for the first time in 170 years. There was cross-party support for a proposal to set up a monetary commission

23 September. A new generation of young people, dubbed ''property orphans'' may be destined to be renters for life.

17 September. The Bank of International Settlements (BIS), the bank used by central banks, confirmed New Zealand houses are among the most "unaffordable" in the world compared to people's incomes.

6 September. Bruce Bisset of Hawkes Bay today reveals the true story behind the so called Rock Star economy.

25th April 2014 "Strip private banks of their power to create money”: says the Financial Times’ chief economics commentator Martin Wolf, who endorses Positive Money’s proposals for reform

15th March 2014 - In a historic move The Bank of England quarterly bulletin explains how money is created. Whenever a bank makes a loan, it creates a deposit in the borrower’s bank account, thereby creating new money. The bank says that this differs from the story found in some economics textbooks.

16th August 2013. The retiring head of the Financial Markets Authority apologised for the mistakes made saying “You were let down”.


Captain Henry Kerby“That this House considers that the continued issue of all the means of exchange – be they coin, bank-notes or credit, largely passed on by cheques – by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations…”

Captain Henry Kerby MP, in an Early Day Motion tabled in 1964.United Kingdom
bout us

Guiding principle

We are out to interrupt the predictable future for our children. 

After leaving university young people will not know a time when they are free from debt.  They will not enjoy the free and easy years previous generations had after graduating. 

Should they aspire to own their home it will require two incomes to service the loan and decades to pay it off.  They will also need to save for their retirement – while raising their children. 

This is not the sort of world we wish to pass on to them.


Positive Money New Zealand is a campaign to move New Zealand from a debt-based economy to a Sovereign Money system in which our money supply is issued debt-free by the Government.  While the Reserve Bank, via the Treasury, issues our notes and coins they only form 3% of our money supply.  Private banks create the balance as electronic or digital money, at huge cost to the New Zealand economy and the banks make enormous profits that are then sent overseas.

Private banks create our digital money out of thin air and then lend it to us with interest added.  It creates huge distortions in our economy and it keeps the majority of New Zealanders on a debt treadmill.  It is also why we have unaffordable housing, child poverty and inequality and these can all be eliminated by having the Reserve Bank issue our digital money.

The campaign is based on one that has been running in the UK called Positive Money - which started in May 2010 as well as a similiar one in the United States called the American Monetary Institute - which began in 1996.

Positive Money New Zealand began when Sue Hamill and Don Richards had the current debt based system explained to them in 2010, while watching Money as Debt.  When they learnt that New Zealand operated under the same system - they customised the UK campaign - to the New Zealand situation.

Positive Money New Zealand is now part of a global network of organisations dedicated to reforming our banking system.

Here is the World Headquarters for Positive Money New Zealand at 11 Muriwai Drive Whakatane.

The Team

Sue Hamill

After returning from three years based in the United Kingdom Sue studied law and then spent 10 years working in publishing. She retrained in 2006 in therapeutic massage.

Sue maintains a keen interest in health.

Don Richards

Don lives in Whakatane and is married to Sue.  He has two daughters from a previous marriage and became a grandfather for the first time in May 2011.

Don has worked in a number of key industries during times of significant change in New Zealands recent economic history.  He was employed by BP Oil New Zealand, working in their Retail Strategy unit during the deregulation of the New Zealand oil industry in the late 1980's.

He also worked for Standards New Zealand in the late 1990's as it grappled with the transition from state funding to the user-pays model.  In addition Don worked for the New Zealand Dairy Board, leading up to the formation of Fonterra and beyond. Don worked for BRANZ (Building Research Association of New Zealand) for 11 years as their Quality and Environmental Manager prior to moving to the Bay of Plenty. 

He now works as a Director for Simple, Effective Solutions that offers consultancy  for Health and Safety, Environmental and Quality Management systems.

Don has also taken on a number of community based projects including organising cleanups of Wellington harbour which started in 1997 and continues to this day.  In addition he organised street parties for his neighbours and ran a campaign to stop whaling in the southern ocean - called Friends of Tangaroa.






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