Thread by @ThePollLady

IMF just unveiled New Global Currency known as UNICOIN or "Universal Monetary Unit".

An “International Central Bank Digital Currency” designed to work in conjunction with all existing national currencies.

Do you think it’s good news? No!
#Thread

1. What is Universal Monetary Unit or UMU?

UMU is a legal money commodity that can transact in any legal tender settlement currency and functions like a CBDC to enforce banking regulations and “protect the financial integrity of the international banking system.”

2. How UMU function ?

UMU attaches SWIFT codes and bank accounts to a UMU digital currency wallet, banks can conduct SWIFT-like cross-border payments entirely over the digital currency rails bypassing the current system.

3. In addition to using artificial intelligence, the UMU uses a central banking monetary policy framework to ensure continuous purchasing demand, minimal price volatility, and annual asset pricing targets.

4. Now What is Unicoin?

Under proposed UMU Model Law legislation, Unicoin will be enacted as a complementary money commodity and function as a store of value.

5. They say Unicoin will help mitigate risk against local currency depreciation and function as a payment currency at the time of settlement.

6. So what is the catch?

Well IMF did not create this new currency, but it was only unveiled by them at one of their recent gathering.

paymentexpert.com/2023/04/12/imf…

7. Then who created this international digital currency?

The press release by IMF indicates, this new “Universal Monetary Unit” was created by the Digital Currency Monetary Authority.

8. Who is Digital Currency Monetary Authority or DCMA?

Well, DCMA is a private organization that apparently advocates for the advancement of digital currencies in central banks and money systems.

They will also be responsible for drafting global laws regarding all CBDCs.

9. Who owns private org DCMA which plans to rule all national CBDCs worldwide?

Very little is available about true owners but IMF press release says it consists of “sovereign states, central banks, commercial and retail banks, and OTHER financial institutions."

Shady much!

10. “Universal Monetary Unit” is already being hailed as Crypto 2.0 and owners backed by the IMF are hoping that it will be widely adopted by all countries in global economy.

(By hook or by crook)

11. IMF itself is headquartered in Washington U.S. and if often used as a weapon by the west against adversaries.

Imagine what will a digital currency to rule all other national digital currency will do to the world?

12. Full press release by Digital Currency Monetary Authority 👇

prnewswire.com/news-releases/…