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===International central bank digital currency=== In April 2023, the IMF launched their international [[central bank digital currency]] through their [[Digital Currency Monetary Authority]], it will be called the [[Universal Monetary Unit]], or Units for [[shorthand]]. The [[Windows-1252|ANSI]] character will be [[Γ]] and will be used to facilitate [[Bank for International Settlements|international banking]] and [[international trade]] between countries and [[currencies]]. It will help facilitate [[SWIFT]] transactions on cross border transactions at [[wholesale]] [[Foreign exchange market|FX]] rates instantaneously with real-time settlements.<ref>{{cite web |url=https://finance.yahoo.com/news/digital-currency-monetary-authority-dcma-132700400.html |title=The Digital Currency Monetary Authority (DCMA) Launches an International Central Bank Digital Currency (CBDC) |website=Yahoo Finance |date=10 April 2023 |access-date=16 April 2023 |archive-date=16 April 2023 |archive-url=https://web.archive.org/web/20230416083055/https://finance.yahoo.com/news/digital-currency-monetary-authority-dcma-132700400.html |url-status=live }}</ref><ref>{{cite web |url=https://www.fintechfutures.com/2023/04/digital-currency-monetary-authority-launches-international-cbdc/ |title=Digital Currency Monetary Authority launches international CBDC |date=13 April 2023 |access-date=16 April 2023 |archive-date=16 April 2023 |archive-url=https://web.archive.org/web/20230416083056/https://www.fintechfutures.com/2023/04/digital-currency-monetary-authority-launches-international-cbdc/ |url-status=live }}</ref> In June, it announced it was working on a platform for central bank digital currencies (CBDCs) that would enable transctions between nations. IMF Managing Director Kristalina Georgieva said that if central banks did not agree on a common platform, [[cryptocurrency]] would fill the resulting vacuum.<ref>{{cite news |last=Eljechtimi |first=Ahmed |date=19 June 2023 |title=IMF working on global central bank digital currency platform |publisher=Reuters |url=https://www.reuters.com/markets/imf-working-global-central-bank-digital-currency-platform-2023-06-19/ |access-date=23 June 2023 |archive-date=22 June 2023 |archive-url=https://web.archive.org/web/20230622082204/https://www.reuters.com/markets/imf-working-global-central-bank-digital-currency-platform-2023-06-19/ |url-status=live }}</ref>
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