IMF Announces Single Global Digital Currency in Push to Eliminate Cash

The head of the International Monetary Fund (IMF) has announced that the global body is “working hard” on the development of a single “global” digital currency.

During a presentation at a conference in Morocco, IMF Managing Director Kristalina Georgievahe announced the plan to introduce a universal Central Bank Digital Currency (CBDC).

The announcement comes as governments around the world seek to shift toward a cashless society and eliminate physical cash altogether.

According to Georgievahe, the IMF plans to roll out one single digital currency that will be accepted globally in an effort to “connect countries” and make transactions “fairer.”

“At the IMF, we are working hard on the concept of a global CBDC platform,” Georgievahe announced.

She continued by declaring that CBDCs need to be interoperable between countries because “If we are to be successful, CBDCs could not be fragmented national propositions.”

“To have transactions more efficient and fairer, we need systems that connect countries,” Georgieva continued.

“In other words, we need interoperability.”

The IMF chief argues that global digital currencies would “give more people access to financial services and bring the cost down.”

“CBDCs can provide for more resilient and efficient payment systems,” and “can be a cheaper way, and a quicker way, to do cross-border payments, to pass remittances… and also simplify other transfers.”

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Some have warned that a global digital currency in the hands of unelected globalist entities could usher in a hyper-centralized techno-Communist dystopia, however.

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A single centralized digital cash allows for all purchases to be tracked and even linked to a social credit score system.

The announcement comes as globalist organizations such as the World Economic Forum (WEF) push to create a cashless society and seize control of the public’s private spending.

As Slay News has previously reported, a video emerged last year of one of the world’s most powerful bankers boasting about plans to eliminate cash and gain “absolute control” over the global population through the use of digital money.

The video features Agustin Carstens, the General Manager of the Bank of International Settlements (BIS) and a WEF member, discussing the “advantages” of a cashless society.

Carstens, who previously served as the Deputy Managing Director of the IMF, issues a disturbing message about the future of the financial surveillance state and central banks’ plans to gain “absolute control” of everyone’s money.

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Carsten’s plans to seize control of the wallets of the world resemble those touted by Democrat President Joe Biden.

Last year, Biden signed an executive order to seize control of cryptocurrencies and lay the groundwork to turn America into a cashless society.

Meanwhile, governments and financial institutions are increasingly warming to the idea of introducing a global CBDC.

A CBDC would completely replace traditional physical cash and be completely controlled by globalist authorities in a way that was never possible before.

The move would hand unprecedented power over to authorities and would enable governments to block a person from buying food if they “spread disinformation” online, for example.

A centralized CBDC would also allow authorities to track individuals’ spending and punish those with a high “carbon footprint.”

As plans for a cashless society continue to advance, central bankers are now promoting the idea of combining CBDCs and digital IDs.

The idea of pairing the two technologies was celebrated at the IMF/WBG Annual Meeting last year, as Slay News reported.

Powerful banker Cecilia Skingsley, head of the Innovation Hub at the Bank for International Settlements (BIS), made her case for pushing the combined technologies onto a reluctant public.

Skingsley, an official “agenda contributor” for Klaus Schwab’s WEF, agreed with other speakers who said introducing a CBDC is not a “universal solution.”

Instead, Skingsley insists that  a global CBDC must be linked with digital IDs “in a package.”

Skingsley framed this as the need to advance “digital literacy” where locking people’s sensitive data into digital ID should come first.

She compared forcing the public to accept such a plan to society having to be pushed into adopting the use of electricity, or sewage systems in the past.

“I think we need to be a little bit bold here right in the sense that we shouldn’t get in the way of the private sector, but I think sometimes in history you have to push society into new equilibriums,” said the banker.

“Predecessors did that when it came to building electricity, sewage system, and the likes.

“Hugely welfare enhancing.

“Now we want to do it again with money, and it would be good for banks as well when society takes its steps.”

READ MORE: United Nations Planning Digital ID Linked to Bank Accounts

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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