https://www.youtube.com/watch?v=gWCx6nOONH0

Global CBDC: IMF Working on Global CBDC Platform Concept

In a bid to foster efficient and fairer international transactions, the International Monetary Fund (IMF) is actively developing a global platform for Central Bank Digital Currencies (CBDCs), Reuters reported.

IMF Managing Director Kristalina Georgieva emphasized the need for interoperability between countries during a conference attended by African central banks in Rabat, Morocco, on Monday. Unlike decentralized cryptocurrencies, CBDCs are digital currencies controlled by central banks. 

Georgieva stated that CBDCs should transcend national boundaries and not remain fragmented propositions within individual countries.

To achieve this, she said that the IMF has been working towards a common regulatory framework that will enable seamless global interoperability for CBDCs. Failure to establish such a platform could create a void that cryptocurrencies will likely fill, she added. 

Backing the 'official' digital currency

Georgieva highlighted that 114 central banks worldwide are already exploring CBDCs, with approximately 10 having made substantial progress in their implementation.

She also stressed that the potential of CBDCs would be underutilized if they were solely developed for domestic use. By connecting countries and facilitating cross-border transactions, CBDCs could enhance financial inclusion and reduce the costs of remittances. Currently, the average cost of money transfers amounts to 6.3 per cent, equivalent to $44 billion annually.

Georgieva further emphasized the importance of backing CBDCs with assets. While acknowledging the investment potential of cryptocurrencies backed by assets, she cautioned against speculative investments in cryptocurrencies lacking such support.

Tracking the global rise of CBDC 

The rise in CBDC exploration is evident as per US-based think tank Atlantic Council, with 114 countries—representing over 95 percent of global GDP—actively considering or advancing CBDC projects. In contrast, in May 2020, only 35 countries were contemplating CBDCs. Presently, 60 countries are in an advanced exploration phase, including development, pilot testing, or launch.

Eleven nations have already fully launched their CBDCs, with China's pilot project reaching approximately 260 million people and expanding across the country in 2023. The most recent addition to the list is Jamaica, which introduced its own CBDC called JAM-DEX.

The imposition of financial sanctions on Russia has spurred countries to seek alternative payment systems that circumvent the dominance of the U.S. dollar. As a result, there are currently nine cross-border wholesale CBDC tests and seven cross-border retail projects, almost double the number compared to the previous year.

Throughout 2023, more than 20 countries are expected to take significant steps towards piloting their CBDCs. Australia, Thailand, Brazil, India, South Korea, and Russia intend to commence or continue pilot testing next year. Additionally, the European Central Bank (ECB) is likely to initiate its CBDC pilot in the near future.

As of December 2022, all G7 economies have transitioned from research to the development stage of CBDCs. Notably, the New York Federal Reserve's wholesale CBDC experiment, Project Cedar, propelled the United States into the development phase.

Among the G20 countries, 18 have reached the advanced stage of CBDC development, with seven already in the pilot phase. Almost every G20 nation has made substantial progress and allocated significant resources to CBDC projects in the past six months.

https://www.wionews.com/business-economy/imf-backs-a-global-central-bank-backed-digital-currency-network-606389

The digital world is here.

Nations around the world are either planning or are already implementing their CBDC.

But the down side of this is that the government have easy control over your money.

So get ready to be controlled.
Don't forget about the coming of Christ, because this digital world will pave the world to the mark of the beast.
There are bracelets with microchip that can be used to make payments around the world, it's only a matter of time before these chips are introduced into different parts of the body, all in the name of digitalization.
Say no to this and you'll wish you said yes.

so be prepared for the coming of Christ.

Obi will be victorious again

Within few weeks, people are dying of hunger

Rural people especially farmers can not transport their farm produce to nearby town.

Electricity tariff has jumped to 40% high.

If Tinubu wants play the role of game changer, he should respect the request of NLC by increasing minimum wage to 200k and implement it within one month, introduce transport scheme in 36 states with subsidies.
But he won’t because he knows Obi is coming

Mmm… if I say I don't understand this, I'm just lying.

One World Currency loading…

And worse, it's going to be a Digital Currency.

Bible prophecies unfolding right before our eyes!

Revelation 13 (KJV)
¯¯¯¯¯¯¯¯¯¯
¹⁵ And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
¹⁶ And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
¹⁷ And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
¹⁸ Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

Fulfillment of what to happen @ the end time... your word is true lord

End times?

666 people oya

Anything to make the world a better place is welcome.. 👍
Make propagandas rest for now...

Jesus is Lord!

Righteousness2:
Believe or don't Believe, the world we live in is preparing radically and Speedily for
The One world currency
The One world economy
The One world government and the beast system.

Everything the HOLY BIBLE said is Falling in place exactly as it was written.

Just very recently the UN came out with this.
WE NEED" 7Yrs "of ACCELERATED TRANSFORMATIVE ACTION TO ACHIEVE SDGs

If you cannot clearly see Handwritting of the times , I don't know what else you can see.

If you are still playing around with your life, you need to sit up and do the needful.
This world is being scrolled up .

There is No more time!
The RAPTURE will Happen any moment.
Get your ways right with JESUS CHRIST.
The next moment is not guaranteed.

Bros...who do you this wickedness?

The book of revelation

At last, the devil is steering at us with a straight face. Good bye to human rights. Your world will be controlled by few people

Saintsamin righteousness & holiness on dis

I don't want to admit this,but we are getting to it little by little:The New World Order.
World Government.

Like joke, bible prophesy loading. We are tired of the wahala of the world. Let the end time come.

Yet they all ganged up against Cryptocurrency.

Now they're creating a unified Cryptocurrency.

Its all about control

Anything they can't congrol, they term it bad.

Elon musk boys go begin look for clients

Aren't we already using a unified currency? Why do you think you can convert currencies?
It doesn't matter if you have the Zimbabwean dollar, if you need it to change to the Japanese yen, it can be done in an instant...

m

,

g

Righteousness2:
Believe or don't Believe, the world we live in is preparing radically and Speedily for
The One world currency
The One world economy
The One world government and the beast system.

Everything the HOLY BIBLE said is Falling in place exactly as it was written.

Just very recently the UN came out with this.
WE NEED" 7Yrs "of ACCELERATED TRANSFORMATIVE ACTION TO ACHIEVE SDGs

If you cannot clearly see Handwritting of the times , I don't know what else you can see.

If you are still playing around with your life, you need to sit up and do the needful.
This world is being scrolled up .

There is No more time!
The RAPTURE will Happen any moment.
Get your ways right with JESUS CHRIST.
The next moment is not guaranteed.

Ogbeni koshi lò jò

They will be discussing something very important you will be typing thrash, did Christ use internet or car when he was alive, why are you using it now? If you can't appreciate the ingenious thinking of some individual to make the world a smarter place just keep mute rather than spamming on every news with your usual thrash.

This is another way to control the world's economy and monetory system. Every central bank should be independent. What if a country falls out with them, they would punish them by putting transactions or business on hold.

Righteousness where are thou? Food don done for end-time pastors.

A global central bank will fail. It is the same way one world government will not work.

https://www.youtube.com/watch?v=Jm7w9oKRhyM&ab_channel=EducatedAfrican

Bitcoin without Government regulations is great

Speechless