Breaking Down the New BRICS Gold-backed Currency System in Detail BY AWAKE IN 3D, 27 JULY

 Breaking Down the New BRICS Gold-backed Currency System in Detail

On July 26, 2024
By Awake-In-3D

Learn about the construction, mechanics, benefits and real-world usage of this groundbreaking digital currency.

This is Part 2 of my article series exploring why the BRICS Gold-backed currency system is an inspiring model for our Global Currency Reset and Currency Revaluations (RV/GCR).

You can find Part 1 here: The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset

It lays the foundation for the global adoption of gold and real assets to back sovereign currencies. The BRICS UNIT System’s greatest strength is its inclusiveness.

It’s not a closed, exclusive financial system meant only for BRICS Member Nations; it’s open to any country, BRICS Alliance Member or not. It even accommodates nations that continue to use a pure fiat currency system.

This flexibility to create exchange rate pairs between UNIT and fiat currencies opens exciting opportunities for our RV Currency Exchange.

In This Article

• The Construction of the BRICS UNIT
• Operational Mechanics of the UNIT
• Who Will Use the UNIT
• Real-World Applications of the UNIT
• Benefits for International Business and Trade
• Key Dates in the UNIT Rollout

The BRICS nations are on the brink of a financial revolution with the introduction of the UNIT, a gold-backed digital currency set to transform global transactions.

This comprehensive guide breaks down how the UNIT is built, its operational mechanics, user base, practical applications, benefits, and key milestones in its rollout.

The Construction of the BRICS UNIT

The UNIT is being intricately crafted as a gold-anchored, blockchain-enabled digital asset. Each UNIT is minted when participants deposit a mix of gold and BRICS currencies at designated blockchain nodes, ensuring intrinsic value.

This innovative design blends the stability of gold with the transparency and security of blockchain technology.

Legally anchored in the Budapest Convention, the UNIT ecosystem promises robust international legitimacy.

Drawing on advanced crypto-blockchain concepts from platforms like Ethereum and Bitcoin, the UNIT stands out with its unique focus on tangible value and economic stability.

Operational Mechanics of the UNIT

At the heart of the UNIT is a decentralized blockchain system that guarantees security and transparency. Nodes within this system independently mint UNITs by receiving deposits of gold and BRICS currencies, adhering to a standardized rule book to maintain integrity and trust.

Transaction costs within the UNIT ecosystem are expected to be significantly lower than those of traditional banking systems. This cost-efficiency, combined with the inherent stability of a gold-backed asset, positions the UNIT as a superior alternative for global transactions.

Who Will Use the UNIT

The UNIT is designed for a diverse user base, encompassing nations, businesses, and consumers. BRICS countries can utilize the UNIT for international trade, minimizing reliance on traditional fiat currencies and fostering economic cooperation.

Businesses, especially those engaged in cross-border commerce, will benefit from reduced fees and heightened security.

Consumers will also see value in using the UNIT for purchasing goods and services worldwide. The currency’s stability, underpinned by gold, offers a reliable and secure option compared to more volatile cryptocurrencies.

Real-World Applications of the UNIT

In practical terms, the UNIT is set to revolutionize international trade and finance. BRICS nations can leverage the UNIT to conduct bilateral trade, significantly lowering transaction costs and enhancing economic partnerships.

Businesses can streamline their global transactions by using UNITs, circumventing traditional banking systems and avoiding cumbersome currency conversion fees.

For consumers, the UNIT provides a stable and cost-effective means to buy goods and services from international merchants, making global commerce more accessible and affordable.

Benefits for International Business and Trade

The UNIT offers substantial advantages for international business and trade. Its gold-backed nature ensures stability, mitigating risks associated with currency volatility.

The decentralized structure of the UNIT ecosystem promotes fairness and transparency, as no single country or central bank can exert control over the currency.

Participating countries enjoy monetary policy independence within the UNIT framework, allowing them to pursue their own economic agendas without the constraints of pegging their currencies.

This flexibility is particularly advantageous for countries with non-convertible currencies, enabling them to engage more freely in international trade.

Key Dates in the UNIT Rollout

The journey to launching the UNIT is marked by several pivotal dates:

• August 2023: BRICS summit in Johannesburg where finance ministers were tasked with developing the UNIT.
• June 2024: BRICS foreign ministers emphasized enhancing the use of local currencies, supporting the UNIT initiative.
• September 2024: Special meeting of the New Development Bank (NDB) in Shanghai to evaluate the UNIT proposal.
• October 22-24, 2024: BRICS leaders’ summit in Kazan, Russia, where final reports and decisions on the UNIT will be presented.

The Bottom Line

The BRICS UNIT represents a groundbreaking step forward in the evolution of digital currencies.

Combining the security of blockchain technology with the stability of gold, the UNIT is poised to become a powerful tool for international business and trade.

As we approach key milestones in its development, the global financial landscape is set for a transformative shift, promising exciting possibilities for fair, non-manipulated, and stable economies worldwide.

Contributing Sources:

• https://m.canadianinsider.com/blog/will-brics-countries-come-together-one-unit-why-gold-and-gold-miners-may-win-multi-nodal-world#
• https://www.inkresearch.com/prelog/index.php

A HUGE Shift In The Iraqi Dinar

"EDDIE SAID ABOUT THIS, 'LIKE WE ARE GOING TO BELIEVE THIS NONSENSE LOL BY FRANK26, 27 JULY

 KTFA

FRANK26: "EDDIE SAID ABOUT THIS, 'LIKE WE ARE GOING TO BELIEVE THIS NONSENSE LOL'"........F26 

Central Bank of Iraq "warns" against circulation of $1 million commemorative notes

 

July 25, 2024

The Central Bank of Iraq renews its warning against promoting commemorative notes of the "one million" US dollar denomination used to defraud citizens.
It stressed that the security and regulatory authorities will pursue those who promote these commemorative notes and take legal action against them.  It pointed out that the highest denomination of the US dollar in circulation is the "100" dollar denomination. It is 
noteworthy that the aforementioned commemorative note is not circulated in global currency markets as it is issued by the American Millionaires Association, and this note is not considered cash because it is not issued by the US Federal Reserve and does not represent any financial instrument, and is used for gifting purposes only.
The Central Bank of Iraq warned in February 2020 against circulating the "one million" dollar denomination because it is a non-cash note.

Central Bank of Iraq
Media Office 
July 25, 2024

.
https://cbi.iq/news/view/2625

RV UPDATE BY WOLVERINE, 27 JULY

 WOLVERINE
Thurs. 25 July 2024 Wolverine

 “The gates are opened! Certain platforms have been released, at least 4 to 5 of them in Brazil. Venezuela has released their own.

 Next week a huge platform will be released as well. Also hearing Asia to be released, now with liquid funds. Precatorious are pure liquid now and is releasing funds to the members. Bondholders are getting paid, and more people are getting notified.”
----

Thurs. 25 July 2024 Wolverine Live Chat

• It has been very emotional for me everyone. The calls started coming in about 5 a.m.  There are things I cannot say due to confidentiality and people being under NDA. I want to tell you the gates are opened!!  Certain platforms have been released, at least 4 to 5 of them in Brazil.

• Next week a huge platform will be released as well. Also hearing Asia to be released, now with liquid funds. Precatorious are pure liquid now and is releasing funds to the members.

• I am absolutely ecstatic. This is real. Bondholders are getting paid, and more people are getting notified.

• I am praying that by the end of the month we will all be blessed; I have not received any news from Reno about Tier4B. Reno is very quiet.  I have been trying to get in contact with someone in Reno, but cannot, but it might be a good sign.

• Bondholders are flying to Zurich with paid airline tickets. Not hearing much from there, but Reno and Zurich are two of the largest platforms/exchanges and I need to know what is going on. 

• It is all coming. I have to be careful in what I saw as I cannot ruin it for everyone.  This is not hopium. This is real and from the boots on the ground.  

• I have been overwhelmed with so much emotion. I am going to church now to thank God for what is coming and that this is finally happening. Those trumpets and opera and the whole thing will be coming, I hope, either today or tomorrow, we are that close to releasing this for you guys!!!!

• Already the Precatorious have released their own opera.

• Venezuela has released their own song right now, but that is the song of liberty. They are declaring Liberty not just for the RV, but for celebrating the downfall of the tyranny upon them for more than 20 years, having suffering under Maduro, a ruthless dictator, and the other Communist Chavez, who is now in Hell for what he did to his country and its people.

• There are still Yellow Dragons available, but we are very close to this closing, so if you are interested in these please message me privately.

• Again, as soon as I get that miracle call, I will wake up every one of you to have a Live Call where I will not be on it, but Carpathia will say something to all of you, then we will roll out the video, the trumpets and the opera.  Have a beautiful day. Take care and God Bless you all.  Wolverine

SOURCE: https://dinarchronicles.com/2024/07/26/restored-republic-via-a-gcr-update-as-of-july-26-2024/

Surprising Changes in Iraq’s Banking: Are You Missing Out”Iraqi Dinar News

The only regional leader.. Nechirvan Barzani participates with world leaders in the opening of the Paris Olympics , 27 JULY

The only regional leader.. Nechirvan Barzani participates with world leaders in the opening of the Paris Olympics

7/26/2024

The President of the Kurdistan Region, Nechirvan Barzani, will participate in the opening ceremony of the Paris 2024 Olympic Games, as one of the prominent figures and the only regional leader at this global event.

This participation represents a milestone in international relations and highlights the Kurdistan Region on the global stage. It also reflects the role of President Nechirvan Barzani as a regional leader and an active and influential party in the international arena.

 Relations with France

Nechirvan Barzani's presence reflects the strong relations between the Kurdistan Region and France, which, as one of the countries supporting Kurdistan in various fields, sees Barzani's participation as an opportunity to strengthen these relations.

Interacting with world leaders also allows Barzani to open doors for more cooperation and investment in the region, as participating in a major global event such as the Olympics enhances the image of the Kurdistan Region internationally and demonstrates its ability to play an effective role in major global events.

Another dimension of participation is that it gives Kurdish culture a chance to be in the spotlight, which can enhance the understanding and appreciation of Kurdish culture on a global level.

President Barzani's participation in the international event also enhances the image of cooperation between the Kurdistan Region and the government in Baghdad, as the region shows its interest in participating in major global events, in addition to giving a political message that reflects the stability of the region and its ability to interact with the international community in a positive way.

Barzani and world leaders

In addition to Barzani, France is preparing today, Friday, to receive a large number of heads of state and government, kings, and the First Lady of the United States, Jill Biden, in a unique opening ceremony for the Summer Olympics on the Seine River, amid tight security reinforcements.

The ceremony will also be attended by Iraqi President Abdul Latif Rashid, in addition to a large group of European leaders, headed by the new British Prime Minister Keir Starmer, who seeks to strengthen relations with France, German Chancellor Olaf Scholz, Finnish President Alexander Stubb, Greek Prime Minister Kyriakos Mitsotakis, Georgian Prime Minister Irakli Kobakhidze, accompanied by the country's President Salome Zourabichvili, and Moldovan President Maia Sandu.

The Olympics will be an opportunity for intense diplomatic activity, as the Portuguese UN Secretary-General Antonio Guterres will urge countries to "lay down their weapons", stressing the importance of the "Olympic Truce" called for by French President Emmanuel Macron.   LINK

SUMMARY OF RV UPDATES OF NADER FROM MID EAST, 27 JULY

 Nader From The Mid East 

 You heard them talking about corruption.  They're going to clean it up but it's going to  always be there.  It's everywhere.  It's in America.  It's everywhere in the world.  It's in Europe.  It's here.  Corruption is  corruption, the biggest corrupt people you cannot clean them cuz they have powers...You can't do anything against them. 

 What's going on in Iraq is really really good.  Last month you see me talking about this month, about July.  I said from now to July 8th you'll get some good news and that's exactly what happened.  You see every proof of possibility to revalue or reinstate.  I think it's reinstatement more than revaluation.

 Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good.  I can say we are very close.   

Nader From The Mid East 

 Things have been moving a little bit from here to the 8th of July.  I hope we have an answer cuz that's what they shooting for.  I don't know if it's going to be good or bad...It's more good than bad but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this.  You said that.'

SUMMARY OF RV UPDATES OF NADER FROM MID EAST, 21 JUNE

I know they working on the exchange rate from here to the 8th of July.  We will have some  good news I hope.  

---

Article:   "Iraq Bulks Up Gold Reserves, Inch Up World  Rankings"  Quote:  "Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month.  This increase...is enough to nudge Iraq one spot higher in the WGC's global ranking, landing them 31st place out of 100 countries."

Last week...I said Iraq government start a new white paper, it's all about the currency.  From here to the 8th of July we should have an answer.  What they going to do - Are they going to change the exchange rate or not?  That's what I said exactly.  They're working on it.  I know they created a white paper on that.   The CBI... government of Iraq, the reserve and the IMF are all working on the same page on those white papers.  I don't know if it's going to change or not...

--

The UN agreement, 2003 when they invaded the country, now they said the last day is next year 2025.  They been talking about the end of the war and this is one of them.  That is very good news. 

 We talk about sovereignty, that's one of them.  It's good for Iraq.  It's going to make Iraq stronger and happier...Sudani what he's talking about the coalition gonna leave in 2025...it's official.

--

'Nader you said it was going to happen in June.'  No I didn't say in June happen. 

 I said June they're a possibility for them to work on the dinar because each time they worked on him it's between June and August...They created a new white paper.  They're going to start working on the exchange rate and I think from here to the 8th of July.  We'll see what's going to happen.

Iraq wanted to de-dollarize.  They start de-dollarizing in January but it didn't work for them too much. 

 The government didn't expect that to happen even by telling them that the dinar are stronger...use the dinar instead of the dollar for the benefits of the country.  They tried everything.  Now, they said that plan didn't work so they come out to the new white paper...They realized they cannot do nothing without changing the exchange rate.

They're going to have to go down in the exchange rate for the de-dollarization...They're going to have to change their exchange rate...Between now and 8th of July we should have an answer...

 what they going to do?  Are they going to change the exchange rate...keep it the same...go up...go down? 

 I think they're going to have to go down on the exchange rate a lot for them to take off the dollar from the street.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-nader-from-mid-east-1-june.html