The International Monetary Fund (IMF) is working on creating a global platform for central bank digital currencies (CBDCs), supposedly to better enable CBDC-based transactions between countries.
This is according to IMF Managing Director Kristalina Georgieva, who claimed that such a platform would create the global infrastructure necessary to ensure the interoperability of settlement between digital currencies issued by different national banks and would avoid the underutilization of CBDCs.
"We are working on a principle of interoperability," she said during a conference in Rabat, Morocco. Such a concept would supposedly avoid the emergence of so-called "settlement blocks," which are the "last thing" the IMF wants, to avoid further global economic fragmentation. (Related: IMF unleashes Unicoin, a new global CBDC intended to enslave the entire planet under a one world digital currency.)
"CBDCs should not be fragmented national propositions," she added. "To have more efficient and fairer transactions, we need systems that can connect countries. We need interoperability."
But critics argue that this is just another way for the globalists to control the population.
"Central bank digital currencies are 100 percent about control," warned Attorney Thomas Renz about this global platform. "You can trace them, you can track them, you can tell people what they can spend their money on … you can take their money away from them, you can give them more at the will of the government or whoever's controlling the CBDC."
"There is no freedom with CBDCs. It's absolutely gone," he continued, arguing that maintaining the use of the American dollar is "a mechanism for freedom," and to ensure the supremacy of CBDCs globalist entities like the IMF will try to collapse the American dollar.
Over 100 central banks are developing CBDCs
According to Georgieva, about 114 of the world's nearly 200 central banks are already at some stage of CBDC exploration, and about 10 are "already crossing the finish line" into fully implementing their experimental digital currencies.
In the eyes of Georgieva and her IMF, this makes it all the more important to create a global platform to allow CBDCs to be used in international transactions as easily as countries would use their own regular currencies.
"If countries develop CBDCs only for domestic deployment, we are underutilizing their capacity," she warned. She then added that there is "a lot that is still not decided" with regard to how nations and the international community should be regulating and organizing CBDCs.
"We will pursue relentlessly together" the development of CBDCs, said Georgieva, who claimed that CBDCs could help promote financial inclusion and make remittances – the transfer of money, usually by a foreign worker, to their home country – cheaper.
Financial counselor and director of the IMF's Monetary and Capital Markets Department Tobias Adrian noted that, on average, remittance service providers like banks require a 6.5 percent fee for remittances, accounting for about $45 billion of remittance fees a year taken away from people trying to send money to other people.
But Georgieva also noted that CBDCs should be backed by assets and added that cryptocurrencies as they currently exist can be investment opportunities for financial institutions when those cryptocurrencies are backed by assets. But, when they are not, they are merely "speculative" investments.
Learn more about central bank digital currencies at CryptoCult.news.
Watch this episode of "Another Renz Rant" as Attorney Thomas Renz discusses the danger with CBDCs being connected by a global platform.
This video is from the Thomas Renz channel on Brighteon.com.
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