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 banknotes of 1, 5, 10, 20 and 50 in just fourteen days. Between 5th-23rd June 2018 we focused on a special edition of big money - making ltd edition 100 and 1000 notes from obsolete Bank of England notes.
In place of the Queen, leaders of the local foodbank, homeless kitchen, youth project and primary school grace HSCB banknotes.
These banknotes were sold to:
B) Contribute to a debt abolition fund in which 1 million pounds worth of local predatory payday debt is bought up, written off and symbolically destroyed.
The banknotes - denominations 1,5,10,20 and 50 are no longer available for sale. The remaining special edition 100 and 1000 notes are available with proceeds going to keeping this project going now we have enough to share equally between the purchase of £1 million of local debt and the four local causes.
The sale of our banknotes has raised £40,000. The bank notes are in the collections of the V&A Museum, Museum of London, Fitzwilliam Museum, William Morris Gallery/Vestry House Museum, Bank of England Museum and Smithsonian. The full set (Full House from the Rebel Bank) was selected for the Royal Society of Painter Printmaker’s National Original Print Exhibition 2018. A Gary 1000 note is selected for the Royal Society of Painter Printmaker’s technique specific exhibition ‘The Masters: Screen and Stone.’
NOW IT IS TIME TO BUY BONDS AND MAKE THE PUBLIC EXPLOSION OF DEBT AS A DRAMATIC ACT OF ECONOMIC LIBERATION HAPPEN.