Zimbabwe introduces new digital currency backed by gold

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Date: April 23, 2023

Zimbabwe to create new digital currency backed by gold.
As part of efforts to stabilize the local currency, the Reserve Bank of Zimbabwe (RBZ) is preparing to launch a digital currency backed by gold that will be accepted as legal tender for transactions in the nation.
The RBZ will take the first steps toward using the nation's gold reserves to anchor the Zimbabwe dollar with the introduction of the digital gold tokens, a kind of electronic money backed by gold stored at the RBZ.

World Bank Looking to Trim Poor Nations Debt

The World Bank is looking at ways to reduce the amount of debt owed by poor countries, rather than simply delaying payments, to attract more investors in the wake of the global pandemic and recession, President David Malpass said.
President of the WorldBank Group remarked to G20 Finance Ministers & Central Bank Governors: I emphasized the need for further progress on Debt Suspension, Debt Reduction, Debt Resolution, Debt Transparency.
Sources:gesara.news, finance.yahoo.com

Basel III endgame strikes the Federal Reserve

U.S. Federal Reserve officials, led by Fed Vice Chair Michael Barr, are exploring changes to the 'Basel III endgame' overhaul for bank capital regulations.
This includes reconsidering operational risk calculations and potential offsets for mortgage servicing.
It marks a significant shift as the Fed acknowledges concerns from the banking industry about the policy's impact on lending.
Here is Michael Barr's statement:
'We want to make sure that the rule supports a vibrant economy that supports low - and moderate-income communities, that gets the calibration right upon things like mortgages.
So the public comment that we're getting on this is really critical for us getting it right. We take it very, very seriously.
That program was really designed in that emergency situation. It was designed for that emergency to say, we want to make sure that banks and creditors of banks and depositors banks understand that banks have the liquidity they need.'

GESARA cryptocurrency? Your Everyday Money - YEM and Digital Yuan on blockchain

Diving into what is Rainbow Currency, I have just found SOMETHING HUGE IS COMING!
Is this NESARA/GESARA currency specified in the act?
"Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals..."(NESARA section 10)
The Rainbow Currency (Trading Symbol YEM) has been created late 2017 by more than 3,700 Internet users from 157 different countries. First launched on the public Ethereum blockchain, Rainbow Currency moved in August 2018 to a private blockchain called TwnklChain.
Official websites: rainbowcurrency.com
yemfoundation.org
The symbol looks similar to China's Digital Yuan, already launched.
YEM stands for Your Everyday Money.
At this moment YEM is ranked at the 4th level on market under Bitcoin.
Rank:cryptorank.online/market
Exchanger:cryptocoin.house

Fed testing FooWire blockchain with Hyperledger

Federal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
Source:www.federalreserve.gov

ISO 20022 migration launched

Swift's ISO 20022 Services for Cross-Border Payments Ready for Customer Testing with Launch of In-Flow Translation.
Swift launches translation service for cross-border payments.
In-flow Translation will enable financial institutions to realize the benefits of rich data when they migrate to ISO 20022, even if their counterparts have not yet adopted the standard.
The availability of a test environment means that customers can now prepare for ISO 20022 a year before it goes live.
Source: paymentsjournal.com