News provided by Digital Currency Monetary Authority
Apr 10, 2023
WASHINGTON, April 10, 2023 /PRNewswire/ — Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.
Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.
In an IMF interview with Tobias Adrian, Financial Counsellor at the International Monetary Fund, he states “Cross-border payments can be slow, expensive, and risky. In today’s world of payments, counterparties in different jurisdictions rely on costly trusted relationships to offset the lack of a common settlement asset together with common rules and governance. But imagine if a multilateral platform existed that could improve cross-border payments—at the same time transforming foreign exchange transactions, risk sharing, and more generally, financial contracting.”
According to Darrell Hubbard, the Executive Director of the DCMA, and the chief architect of UMU, “This vision expressed by the IMF is the exact solution the DCMA is delivering to central banks worldwide.”
Adopting a global localization public monetary system architecture, UMU can be configured to operate according to the central banking regulations of each participating jurisdiction.
George Walker, a Partner at Practus, LLP, specializing in international law, facilitated meetings between the DMCA and the IMF, states “Although the IMF has not officially endorsed Universal Monetary Unit, in reviewing the DCMA’s Whitepaper and in weekly team discussions, the IMF has yet to state any objections to UMU’s FX premium rates and its monetary sovereignty approach.”
According to Darrell, “UMU is not attempting to disrupt the international monetary system. If fact, it strengthens it by helping the IMF achieve its stated mandate to provide economic and financial stability to its member states. UMU is a game-changer in how cross-border payments are transacted and mitigates against seasonal and systemic local currency depreciation.”
Universal Monetary Unit Model Law legislation has been drafted in collaboration with several sovereign states. In this proposed legislation, UMU should not be enacted as legal tender for negotiating domestic prices or international trade agreements. Instead, the legislation proposes UMU to be enacted as a complementary money commodity for the store of value, mitigating against potential seasonal and systemic local currency depreciation, and tendered as a payment currency at the time of settlement.
Merchants and trading partners could accept UMU for the equivalent market value for their good and services priced in any national legal tender. UMU has premium exchange rates built into its wallet and can convert any settlement currency amount to the equivalent UMU amount.
Universal Monetary Unit is cryptocurrency reimagined from the ground up to support central banking and regulated financial institutions. It features a trusted consensus protocol, Staked Proof of Trust (SPOT) Protocol, and a multi-dimensional DLT (mDLT) capable of supporting any asset or liability ledger enabling full-service digital banking and international trade payments.
The DCMA introduces Universal Monetary Unit as Crypto 2.0 because it innovates a new wave of cryptographic technologies for realizing a digital currency public monetary system with a widespread adoption framework encompassing use cases for all constituencies in a global economy.
About the Digital Currency Monetary Authority (DCMA) –
The DCMA is a world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks. Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions.
https://dcma.io
About Universal Monetary Unit (UMU) –
Universal Monetary Unit (UMU), also known as Unicoin, is an innovation in store of value cryptography powered by artificial intelligence (AI). It adopts a central banking monetary policy framework to ensure it has continuous purchasing demand, minimal price volatility, and annual asset pricing targets.
A copy of the UMU Whitepaper is available on its website.
https://umu.cash
www.cairnsnews.org 
A couple of weeks back I posted the ECM model forecast for April 10, – and now here we are, – as forecast.
https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/imf-new-currency-on-ecm-april-10th/
May is going to be even better, and everything’s aligning nicely: how can it not?
LikeLike
Han Barkmeyer, I doubt very much whether the readers want to know the hard-core truth! Because what I’m reading in most comments if any, the minds are already made up, because it suits the reader’s security blankets… Forget it… Have to admit if most people are totally hypnotized by their Jewish curriculum during the educational years, who are you to tell them history is all wrong… In my opinion, hope you persevere in telling the damn truth because many play the game of circumlocution…
And keep on making stupid – silly remarks, that show no one is thinking clearly…
Maybe many cannot think clearly anymore.
What effect do mRNA “vaccines” have on human consciousness?
https://www.frontnieuws.com/welk-effect-hebben-mrna-vaccins-op-het-menselijk-bewustzijn/
The number of high-risk biotech experiments is on the rise. Gain-of-function experiments are still being conducted, such as THIS one , which could make the monkeypox virus 1,000x more deadly than it is today by crossing the current mild version circulating in human populations with a lethal strain that currently limits is to mouse populations. Research is also being done on mRNA vaccines in food , funded by Bill Gates.
It all comes to a head when you see New Zealand’s Prime Minister and Health Minister publicly receiving their bivalent injections . They don’t seem to read or understand covid science. Didn’t they find out that even in the original trials, the vaccinated group had a higher mortality rate , which is now reflected in national data? Or that the risk of injury and death increases with each subsequent covid shot?
As for your last “Quote: “Let’s make it 110 times for the sake of our Lives and Freedoms and get rid of them once and for all and send them to Uranus.”
Anti-Semitism? No, self-preservation. = Here in Oz, make it number 110, “will never happen,” and if in the distant future something like that might take place, I will be dead and pushing up Roses thank you… Roses, like them better than daisies…
LikeLike
From 1966:
“the powers of Financial Capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands, able to dominate the political system of each Country and the economy of the world as a whole.
This system was to be controlled in a feudalist fashion by the Central banks of the world acting in concert, secret agreements, arrived at in frequent private meetings and conferences.
The apex of the system was the bank of International Settlements in Basle, Switzerland, a private bank, owned and controlled by the world’s Central banks which were themselves private Corporations.
The growth of financial Capitalism made possible a centralisation of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.”
Source: “Tragedy and Hope, a History in the World of our Time” MacMillan Company 1966, Professor Carroll Quigley of Georgetown University.
A long term plan, now here we are….
LikeLike
The Jewish Banksters are driving the CBDC down our throats. They want total control over our lives and the world.
The Rothschilds are the owners of the entire financial system, they are on top of the financial pyramid.
The second tier of the pyramid is Rothschild owned BIS – Bank of International Settlements.
The BIS was created in 1930 by the Hague Conference as an international financial organisation.
BIS Headquarters are located in Basel, Switzerland, and recognized by all counties to be the Headquarters of the financial world. Every Central Bank, owned by Rothschild, is a member of this Elite Club.
On the third tier, directly below the BIS are the Rothschild-owned IMF – International Monetary Fund – and World Bank.
The IMF are called the INTERNATIONAL MOTHER FUCKERS in Asian countries for what they did to them during the 1997-98 Asian financial crisis, driving down their economies and currencies.
How the IMF helped create and worsen the Asian financial crisis: https://www.essentialaction.org/imf/asia.htm
The Jews have been evicted 109 times from so many countries and locations over the past millennia for Fucking Up peoples lives and their countries.
Let’s make it a 110 times for the sake of our Lives and Freedoms and get rid of them once and for all and send them to Uranus.
Anti-Semitism? No, self-preservation.
LikeLiked by 2 people
The timing is just that, timely. This obviously needs to be done now to divert the failing fiat monopoly money Ponzi scheme to another digital Ponzi scheme in order to keep the power of the private Bankers in the corrupted system that they have created.
Australian banks online have lately been notifying customers that they have been at risk of cyberattack. This is obvious predictive programming to bring in these coming changes for a ‘safer’ ‘blockchain’.
“CBDC strengthens the monetary Sovereignty of ‘participating’ Central banks”….that would be the Reserve Bank of Australia as our Central Bank.
It will be interesting to see how all Countries respond, or whether it will just be a select few remaining in the Ponzi scheme.
The private USA Federal Reserve has her private Central Banks in a number of Countries but I don’t think they are in all Countries.
They make it look like everyone is doing it so everyone needs to.
A bit like the injections where everyone thought everyone else had been injected when in fact that wasn’t the case.
The Australian Government in it’s self appointed role as a Corporation needs to take this to the people, it’s ‘share holders’. Let the people who pay them taxes and prop them up decide if this is what they want. This is a referendum more important than ‘the voice’ right now.
If the people say No, then so be it.
I will be asking my private bank for options and telling them I don’t want to use this system. Community banks may offer alternatives and if they don’t then maybe they need to.
The Unicoin, has nothing to do with the transgender Unicorn with the phallus on the top of it’s head.
Just saying.
LikeLiked by 1 person
And not a moment to soon for the Russian Federation which is already ahead of developments due to the wars for the Eurasian imperative. Identity and civil privileges all on one ap.
https://edwardslavsquat.substack.com/p/the-digital-noose-tightens-around
LikeLiked by 1 person
Due to Washington’s policy of economic warfare, consisting of sanctions and removing targeted nations access to SWIFT, the multi-polar BRICS are moving away from SWIFT and developing their own international multi-currency payment system.
On the international scene, this CBDC might be a case of too little, too late?
The World has moved on, whilst Washington fails to recognise its growing irrelevance.
LikeLiked by 1 person