Tag Archives: International Monetary Fund (IMF)

Pieces falling into place: The global development for Central Digital Banks and Currencies

IMF

Important Takeaways:

  • Control Of Buying and Selling: IMF Seeks To Develop Global Platform For Central Bank-Controlled Digital Currencies
  • The International Monetary Fund (IMF) is an organization of 190 countries that was formed in 1945 at the Bretton Woods Conference. Its purpose is to promote international trade and stabilize world economies. An IMF report dated March 29, 2023, said, “The global central banking community is actively exploring Central Bank Digital Currencies (CBDC), which may have a fundamental impact on both domestic and international economic and financial stability.” This report also said, “Over 40 countries have approached the IMF to request assistance through CBDC capacity development.”
  • A recent CBDC survey of 81 central banks, representing close to 76 percent of the world’s population and 94 percent of global economic output, found that “9 out of 10 central banks are now exploring CBDCs, with half developing or running concrete experiments.”
  • IMF member countries submit to annual ‘surveillance’ (monitoring) of their policies by the IMF. Each nation’s policies and goals should connect all nations with a global currency, not “fragment” the world by using their own currency. If one works backward from Revelation 13, one can see how the Antichrist system is being developed right before our eyes.
  • If (or, when) this system is implemented, these Central Bank Digital Currencies will impact all the residents of each IMF country. Every citizen will be required to possess proper “digital identification,” or they will not be permitted to access the new global digital financial system.
  • Whether we fully understand global digital currency or not, this is the direction the world is going. Not because governments or banks say so, but because Scripture says there will be a one-world financial system one day. As for the marketplace, the Bible says that during the Tribulation no one will be able to buy or sell unless they have taken the Mark of the Beast (Revelation 13:16-17). In the Antichrist system, privacy and freedom will be abolished

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Central bank getting closer to a global Digital Currency

Daniel 7:23 “Thus he said: ‘As for the fourth beast, there shall be a fourth kingdom on earth, which shall be different from all the kingdoms, and it shall devour the whole earth, and trample it down, and break it to pieces.

Important Takeaways:

  • IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam
  • The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms.
  • IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the transnational agency is developing a global platform for central bank controlled digital currencies.
  • “CBDCs should not be fragmented national propositions … To have more efficient and fairer transactions, we need systems that connect countries—we need interoperability,” Georgieva said. “For this reason at the IMF, we are working on the concept of a global CBDC platform.”
  • adding that “the last thing we want” is the emergence of “settlement blocks” where CBDC transactions are settled within separate ring-fenced regional frameworks.
  • She said that out of 114 central banks around the world that are exploring issuing national CBDCs, around 10 have already crossed the finish line and that “we will pursue relentlessly together” the development of central bank digital currencies.

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