diff --git a/plugin.yml b/plugin.yml
index a9b93010..6cf67d44 100644
--- a/plugin.yml
+++ b/plugin.yml
@@ -60,6 +60,7 @@ permissions:
   factions.money.f2p: {description: transfer f --> p, default: false}
   factions.money.p2f: {description: transfer p --> f, default: false}
   factions.money.withdraw: {description: withdraw from faction, default: false}
+  factions.moneyconvert: {description: convert to the new money system, default: false}
   factions.motd: {description: faction motd, default: false}
   factions.open: {description: set if invitation is required to join, default: false}
   factions.perm: {description: change faction permissions, default: false}
@@ -170,6 +171,7 @@ permissions:
       factions.money.f2p: true
       factions.money.p2f: true
       factions.money.withdraw: true
+      factions.moneyconvert: true
       factions.motd: true
       factions.officer: true
       factions.officer.any: true
@@ -238,6 +240,7 @@ permissions:
     default: false
     children:
       factions.kit.rank2: true
+      factions.moneyconvert: true
       factions.config: true
       factions.clean: true
   factions.kit.rank2:
diff --git a/src/com/massivecraft/factions/Perm.java b/src/com/massivecraft/factions/Perm.java
index 54108df5..8b0b91a4 100644
--- a/src/com/massivecraft/factions/Perm.java
+++ b/src/com/massivecraft/factions/Perm.java
@@ -60,6 +60,7 @@ public enum Perm implements Identified
 	MONEY_F2P,
 	MONEY_P2F,
 	MONEY_WITHDRAW,
+	MONEYCONVERT,
 	MOTD,
 	OPEN,
 	PERM,
diff --git a/src/com/massivecraft/factions/cmd/CmdFactions.java b/src/com/massivecraft/factions/cmd/CmdFactions.java
index 49f960c0..4ca30ec5 100644
--- a/src/com/massivecraft/factions/cmd/CmdFactions.java
+++ b/src/com/massivecraft/factions/cmd/CmdFactions.java
@@ -60,6 +60,7 @@ public class CmdFactions extends FactionsCommand
 	public CmdFactionsDisband cmdFactionsDisband = new CmdFactionsDisband();
 	public CmdFactionsPowerBoost cmdFactionsPowerBoost = new CmdFactionsPowerBoost();
 	public CmdFactionsSetpower cmdFactionsSetpower = new CmdFactionsSetpower();
+	public CmdFactionsMoneyconvert cmdFactionsMoneyconvert = new CmdFactionsMoneyconvert();
 	public CmdFactionsConfig cmdFactionsConfig = new CmdFactionsConfig();
 	public CmdFactionsClean cmdFactionsClean = new CmdFactionsClean();
 	public MassiveCommandVersion cmdFactionsVersion = new MassiveCommandVersion(Factions.get()).setAliases("v", "version").addRequirements(RequirementHasPerm.get(Perm.VERSION));
diff --git a/src/com/massivecraft/factions/cmd/CmdFactionsMoneyconvert.java b/src/com/massivecraft/factions/cmd/CmdFactionsMoneyconvert.java
new file mode 100644
index 00000000..44848638
--- /dev/null
+++ b/src/com/massivecraft/factions/cmd/CmdFactionsMoneyconvert.java
@@ -0,0 +1,76 @@
+package com.massivecraft.factions.cmd;
+
+import com.massivecraft.factions.entity.Faction;
+import com.massivecraft.factions.entity.FactionColl;
+import com.massivecraft.factions.entity.MConf;
+import com.massivecraft.massivecore.MassiveException;
+import com.massivecraft.massivecore.command.Visibility;
+import com.massivecraft.massivecore.command.type.primitive.TypeStringConfirmation;
+import com.massivecraft.massivecore.money.Money;
+import com.massivecraft.massivecore.util.ConfirmationUtil;
+
+public class CmdFactionsMoneyconvert extends FactionsCommand
+{
+	// -------------------------------------------- //
+	// CONSTRUCT
+	// -------------------------------------------- //
+
+	public CmdFactionsMoneyconvert()
+	{
+		// Parameters
+		this.addParameter(TypeStringConfirmation.get(), "confirmation", "");
+
+		// Low priority
+		this.setPriority(-100);
+	}
+
+	// -------------------------------------------- //
+	// OVERRIDE
+	// -------------------------------------------- //
+
+	@Override
+	public Visibility getVisibility()
+	{
+		return MConf.get().useNewMoneySystem ? Visibility.INVISIBLE : Visibility.SECRET;
+	}
+
+	@Override
+	public void perform() throws MassiveException
+	{
+		if (MConf.get().useNewMoneySystem)
+		{
+			throw new MassiveException().addMsg("<b>The economy system is already converted.");
+		}
+
+		// Args
+		if (!this.argIsSet(0))
+		{
+			msg("<i>Money in Factions used to be stored within the applicable economy plugin." +
+					" This is problematic because not all economy plugins support that." +
+					" This command allows to convert to the new system where the money of a Faction" +
+					" is stored within the Factions plugin. Then all economy plugins can be used with Factions.");
+		}
+		String confirmationString = this.readArg(null);
+		ConfirmationUtil.tryConfirm(this);
+
+		MConf.get().useNewMoneySystem = true;
+
+		for (Faction f : FactionColl.get().getAll())
+		{
+			if (!Money.exists(f))
+			{
+				msg("<h>%s <i>does not have any money.", f.getName());
+				continue;
+			}
+
+			double money = Money.get(f);
+			f.setMoney(money);
+
+			Money.set(f, null, 0);
+
+			msg("<h>%s <i>has <h>%s <i> and has been converted.", f.getName(), Money.format(money));
+		}
+		msg("<i>Converted all factions. Hooray!");
+	}
+	
+}