Update of 22-06-2012 : The Art Reserve Bank announces on their website that they have recently been invited to the headquarters of the Dutch National Bank to talk about the usage of the word Bank in Art Reserve Bank. The Dutch National Bank seems to ask (or command) them to let this part of the name go. If the word bank needs to go, I propose they rename their initiative to the Federal Art Reserve (-;
Yesterday I visited the Art Reserve Bank (Kunst Reserve Bank). They ask themselves a few questions about money down there. For example: Is there ever enough money in the world? Central banks in the US and Europe have been and still are creating dollars and euros at high volumes during the latest crisis. The Art Reserve Bank questions if there will ever be enough stuff (value) in the world to cover all the money created. The Art Reserve Bank has hence set up shop in the financial district of Amsterdam Zuidas. Their mission to create a new reserve currency. Real money with real value. At the teller window you can exchange your common money for limited edition artworks designed by top artists like John Körmeling, Marte Röling, Merijn Bolink, Jonas Staal, Erik van Lieshout and Marlene Dumas. Rumour has it that also Tracey Emin and Banksy will join the party. Unique artworks from € 100, the current exchange rate to the euro of this freshly created reserve currency. The money is stamped at the premises of the KRB. If this sounds to good to be true, then visit kunstreservebank.nl. Act quickly, because the exchange rate could start rising! Opening hours are on the site.