I must stress, this is not (yet) the IMF's version of "One CBDC to Rule Them All."
From the press release, April 10:
The Digital Currency Monetary Authority (DCMA) Launches an International Central Bank Digital Currency (CBDC)
Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.
Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.....
....MUCH MORE
They have a White Paper.
For our purposes the main attraction of the Universal Monetary Unit is the "Ü".
See for example "After Car Attacked By Paris Taxi Drivers, Uber to Toughen Image With Umlauts"
...In response:
San Francisco, CA (PRwëb) January 13, 2014-
In a move designed to make Uber seem more "bad-assed and scary in a quasi-heavy-metal manner," the Goldman Sachs, Menlo Ventures and Bezos Expeditions-backed company officially changed it's name to Über on Monday."Much like Mötley Crüe and Motörhead, Über is not to be messed with," said founder Gärrëtt Cämp, né Camp...
And for academics, a scholarly look at the evolution of the Heavy Metal Umlaut, also known as Röck Döts.
Also: "Now the Important Stuff: How to Name Your Hedge Fund":
Umlauts.
It is hard to go wrong if your name contains umlauts, diaeresis, or other diacritics.*
With the widespread adoption of Artificial Intelligence for just about every purpose—"Mäÿönnäisë, now with AI", etc. (note liberal use of diacritics, don't they just 'pop' on the page?)— it is time to update 2014's "The Hedge Fund Name Generator", which used a simple algo...
I would be remiss if I didn't present a use case for the DCMA:
North Carolina State University Deems a DCMA Student Cryptocurrency Project Unethical
....Upon a committee's review of the proposed POP Protocol, Margaret Heil, the Director of the Senior Design Center, responded "The idea of building a protocol system that would pay participants (in cryptocurrency) for favorable reviews of DCMA and Unicoin may be viewed as unethical to many of our students, and thus the project is inappropriate for our program."....
