HSCB (Hoe Street Central Bank) is open in the former Co-Op Bank on Hoe Street in the London suburb of Walthamstow as a hub of citizen money creation.
Between 12th - 25th March 2018 a crack team of locally recruited people of all ages and backgrounds worked with artist Hilary Powell to print £50,000 worth of Bank Job currency in denominations of 1, 5, 10, 20 and 50 in just fourteen days. Between 5th-23rd June 2018 we focused on the big money - making special editions of 100 and 1000 notes.
In place of the Queen, leaders of the local foodbank, homeless kitchen, youth project and primary school grace HSCB banknotes.
The aim of the project is to sell this alternative currency made in denominations of 1,5,10,20 and 50 and now 100 and 1000 (a total of 13,700 notes totalling £50,000) in order to:
B) Contribute to a debt abolition fund in which 1 million pounds worth of local predatory payday debt is bought up and symbolically destroyed.
The bank notes are so far in the collections of the V&A Museum, Museum of London, Fitzwilliam Museum, William Morris Gallery and on their way to the Bank of England Museum.