Now Zimbabwe To Launch Gold-Backed Digital Currency

The Reserve Bank of Zimbabwe has announced that Zimbabwe will launch a gold-backed digital currency, dumping the US dollar. Zimbabwe has become the latest country to dump dollar and has decided to issue gold-backed digital currency for “investment purposes with a vesting period of 180 days.” The country’s central bank has revealed that these tokens […]

IMF Launches UMU Central Bank Digital Currency

UMU, the Central Bank Digital Currency, has been launched. Although the IMF has not officially endorsed UMU, George Walker, a partner at Practus, LLP, noted that the organization had not raised objections to its foreign exchange premium rates or its monetary sovereignty approach.

UK To Launch Digital Pound Central Bank Digital Currency

The Bank of England has started consultations on trying to implement a Central Bank Digital Currency (CBDC), which could lead the way in the globalist vision of a cashless economy where all transactions are easily detectable by the government, according to an announcement made this week by the de facto head of His Majesty’s Treasury. This implies that the UK is set to launch the digital pound central bank digital currency.

Saudi Central Bank Tests Digital Currency

Saudi Central Bank Tests Digital Currency

SAMA is currently researching the market preparedness, potential efficiency, and speed of applications for digital currency payment systems. Saudi Central bank is testing digital currency.

Australia’s Central Bank Working With BIS To Launch Digital Currency System

An article in The Sydney Morning Herald has reported on a pilot program that Australia’s Central Bank is currently working on with BIS to launch a digital currency system, but it has the possibility that the access of citizens to the economy could be cut off at any time should they say or do anything in defiance of the authorities.