Dear John,

Covid-19 threatens to cause an unprecedented economic crisis and we have never been more vulnerable. With our money and payments systems in the clutches of a few private banks, now more than ever we need money we can trust.

To meet this challenge, Positive Money is calling for a digital counterpart to cash: a central bank digital currency (CBDC). With the Bank of England currently weighing up their decision to launch a CBDC, now is the best chance we have to shape the future of our money system. [1]

John, on 23rd April we’re launching our new report ‘Money We Trust’ with a live webinar and we’d love for you to join us!

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Before the pandemic struck, technological innovation, declining use of physical cash and the fragile nature of our financial system all pointed to the need for a new kind of money fit for the 21st century. A CBDC would give us a truly public means of digital payment while increasing financial inclusion and improving financial stability. With the right coordination between governments and central banks, a CBDC could also enable real solutions to the current crisis like helicopter money or a basic income.

We invite you to join us and our guest speakers to discuss Positive Money’s new report ‘Money we Trust’, to explore how a CBDC could work and reflect on arguments for launching it in response to the Covid-19 crisis.

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