The IMF introduces a new "global currency" called UMU that will "monitor all transactions."
The international banking elite has just introduced a new global currency, but 99 percent of the world's population has no idea what just happened.
The DCMA, the globalist membership organization of sovereign states, central banks, commercial and retail banks, and other financial institutions, confirmed the launch of the international CBDC this week at the IMF's Spring 2023 Meetings.
According to the IMF, the CBDC will "enforce banking regulations" and "oversee all transactions."
The Universal Monetary Unit (UMU), also known as "Unicoin" and denoted by the symbol Ü, can conduct transactions in any settlement currency that is legal tender and can be configured to operate in accordance with the regulations of each participating country's central bank.
DCMA Executive Director Darrell Hubbard, the "chief architect" of UMU, says UMU strengthens the international monetary system by helping the IMF fulfill its stated mandate to ensure the economic and financial stability of member countries.
"UMU changes the approach to cross-border payments and protects against seasonal and systemic devaluations of national currencies," says Hubbard (https://aftershock.news/?q=node/1235094).
The bottom line is that this is an attempt by the global elite to introduce a single unit of account. The next step is the irrelevance of central banks, then national currencies, and thus the loss of sovereignty and abandonment of local governments - all according to Schwab. It is all being done in a big hurry to replace the rapidly dwindling dollar. It will probably come down to a simple division of the world, with one globalist state and all the others, and of course the endless struggle to try to pull other states into the currency trap.