CETRAL URA MONETARY SYSTEM AND POLICY OVERVIEW

Central URA Monetary System and Policy – An Overview

This Document may be altered or updated at any time.

This Document has been prepared to advance a general understanding about CENTRAL URA Monetary System and Policy. The term Ura is an acronym derived from Universal Receivables Assignment of Resource Mobilization Inc (“RMI”) Receivables in Units  which term was adopted on 11/14/14 by RMI’s board resolution to be the name of the private money drawn on RMI reserves. Ura was originally intended to be a utility for assignment of RMI Receivables, but the amount of RMI Receivables units transformed Ura into a commodity monetary system introduced by RMI and drawn on RMI reserves.

NOTICE

The information set forth in this Document may not be exhaustive and does not imply any elements of a contractual relationship or constitute any relations with readers and distributors (“Users”) of this Document. The purpose of this Document is to provide relevant and reasonable information on Central Ura Monetary System and Policy.

This Document includes information from several sources (all sources are recognized). This Document has been prepared for general guidance only and does not constitute professional advice. Users should not act upon the information contained in this Document without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this Document, and, to the extent permitted by law, the Author does not accept or assume any liability, responsibility, or duty of care for any consequences of user or anyone else acting, or refraining to act, in reliance on the information contained in this Document or for any decision based on it.

The information contained in this Document may from time to time be translated into other languages or used during written or verbal communications with users. During such translation or communication some of the information contained in this Document may be lost, corrupted, or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and this official English language Document, the information contained in this English language original Document shall prevail.

 

  • Introduction
  • Central Ura Monetary System – Overview
  • Ura Monetary Policy – Overview
    • Central Ura Global Monetary Policy
  • Distribution, Exchange, and Transfer of Central Ura.

Central Ura is a complementary currency; deriving value and authority from United States (U.S.) Dollar because the Resource Mobilization Inc (“RMI”) Receivables (“the Commodity” or “Reference Assets” or “Reserve”) are U.S. dollar denominated. The RMI Receivables are owned and held by Resource Mobilization Inc, its successors, and assigns (“RMI”). Central Ura originates from the claims prepared at the instance of RMI by professional appraisers who traced, verified, quantified, and recorded in the appraisal report the total amounts due and payable to RMI as the creditor by the debtors in the RMI Receivables. Receivables are defined in the United Nations Convention on Assignment of Receivables in International Trade (“Convention”) as “all or part of or an undivided interest in the assignor’s contractual right to payment of monetary sum”. Central Ura is exchangeable for other forms of money without transferring the commodity itself. The base exchange rate of Central Ura to the U.S. Dollar-based Receivables is 1 Ura:US$136.04. The smallest currency in the Central Ura Monetary System is a Ura Cent (Formerly Fair and the term Fair is an acronym derived from Fractional Assignment of RMI’s Receivables), or Ura Cents in plural. A Ura Cent is equal to one-hundredth of a Central Ura which is US$1.3604.

Fiat has delivered sustained economic growth since its introduction, but it is obvious that the work of better life for all is not completed, there is room for compliment. Central Ura seeks to be that compliment to Fiat. Central Ura unlike fiat is privately owned, issued based on private money. Central Ura shall not have the pressures of fiat and as a result holds the potential to be a better stable money for global development. The expectation is Central Ura shall be utilized as a complementary currency alongside fiat and all other forms of money for the common good. It shall have all the safeguards of fiat but with the sole purpose of being reliable money.

Central Ura is a complementary currency, it is not a cryptocurrency, security, or collective investment scheme and does not grant users voting or ownership rights, return on investment, and profit or passive income from its utilization.

Central Ura is a complementary currency. Central Ura is not Legal Tender but nothing stops any jurisdiction with relevant government authorization from adopting Central Ura as legal tender.

Central Ura was originally intended to be a utility for assignment of RMI Receivables, but the sheer volume of the RMI Receivables apportioned transformed Ura into a commodity monetary system (the “Ura Monetary System”).

Central Ura Monetary System is methodical, ethical, hierarchical, flexible, and innovative offering convenience, resilience, accessibility, privacy, and ease of use. It guarantees (i) successful completion of Central Ura distribution, exchange, and transfer (“Ura Transactions”) in a well-supported transacting environment (the “Ura Monetary System Transacting Environment” or “Ura Ecosystem”), and (ii) conveyance of Central Ura from one entity to entity without devaluation and counterfeits free. 

Central Ura is a complementary currency and therefore has mechanisms, protocols, and policies that ensure that Central Ura Transactions parties are identifiable and verifiable, that Central Ura Transactions are trackable, transparent, and immutably recorded, and that all Ura Transactions are done counterfeit free. This ensures Central Ura is exchangeable for other forms of money, coexist with and complements existing forms of money, and retains value. 

The Central Ura Ecosystem includes: 

  • Competent institutions managing Central Ura equivalent to similar institutions in the fiat monetary system to govern the utilization and conveyance of Central Ura without devaluation and free of counterfeits.
  • Governance policies and values designed to maintain the Central Ura and the Reference Assets value.
  • Interactions with existing fiat monetary system regulatory frameworks and authorities.
    • UMS1 – Global Institutions (“UMS1”)
    • UMS2 – National Institutions (“UMS2”) 

Central Ura Monetary System (“UMS”) requires participation at every level by competent and qualified entities or institutions (“participants”) who understand their roles fully and offering services and products needed for safe and sound Ura management and distribution.

 

Participants in UMS1 category are equivalent to global financial institutions like the world bank. UMS1 participants roles include but are not limited to (i) management of the Global Reserves being the initial reserves and subsequent reserves (“Reserves”) to maintain their value into the future without devaluation, (ii) provide global oversight over Ura, (iii) set the Ura Global Monetary Policy, and (iv) set the Central Ura Ecosystem participation rules.

Participants in UMS2 category are equivalent to national financial institutions like a central bank. For this level, participation is restricted to one qualified participant per nation or group of nations (“territory”). To qualify as a UMS2 participant in the Central Ura Ecosystem, a participant must:

  • receive approval and any required permits from UMS1 and other territory specific regulatory authorities (the “appropriate authorities”) to operate as a national financial institution.
  • provide extensive information about the participant’s organiser(s), the business plan, senior management team, corporate structure, finances, capital adequacy, risk management infrastructure, and other relevant factors to the appropriate authorities which support its risk profile, operations, and future growth even in the event of unexpected losses establishing that the participant has a reasonable chance for success and will operate in a safe and sound manner.
  • meet, comply, and maintain all legal and fiduciary responsibilities of a national financial institution and the Central Ura Ecosystem participation rules for UMS2 entities.
    • UMS3 - Large-scale Institutions (“UMS3”)

UMS2 participants roles include but are not limited to (i) management and control of the supply and distribution of Ura and forms of Central Ura in UMS2 territory, (ii) setting and implementing the UMS2 territory Central Ura Monetary Policy, and (iii) management of UMS2 territory reserves to maintain their value.

Participants in UMS3 category are equivalent to large-scale financial institutions like a commercial bank. For this level, participation is open to any qualified participant. To qualify as a UMS3 participant in the Central Ura Ecosystem, a participant must:

  • receive approval and any required permits from the territory’s appropriate authorities to operate as a large-scale financial institution.
  • provide extensive information about the participant’s organizer(s), the business plan, senior management team, corporate structure, finances, capital adequacy, risk management infrastructure, and other relevant factors to the appropriate authorities which support its risk profile, operations, and future growth even in the event of unexpected losses establishing that the participant has a reasonable chance for success and will operate in a safe and sound manner.
  • meet, comply, and maintain all legal and fiduciary responsibilities of a large-scale financial institution and the Central Ura Ecosystem participation rules for UMS3 entities.
    • UMS4 – Mid-scale Institutions (“UMS4”)

UMS3 participants roles include but are not limited to (i) distribution of Ura and forms of Ura in their territory, (ii) securing, holding, and storing Central Ura without devaluation and counterfeit free, and (iii) management of reserves in their custody to maintain their value without devaluation.

Participants in UMS4 category are equivalent to mid-scale financial institutions like a mid-scale commercial bank. For this level, participation is open to any qualified participant. To qualify as a UMS4 participant in the Central Ura Ecosystem, a participant must:

  • receive approval and any required permits from the territory’s appropriate authorities to operate as a mid-scale financial institution in the territory.
  • provide information about the participant’s organizer(s), the business plan, senior management team, corporate structure, finances, capital adequacy, risk management infrastructure, and other relevant factors to the appropriate authorities which support its risk profile, operations, and future growth even in the event of unexpected losses establishing that the participant has a reasonable chance for success and will operate in a safe and sound manner.
  • meet, comply, and maintain all legal and fiduciary responsibilities of a large-scale financial institution and the Central Ura Ecosystem participation rules for UMS4 entities.
    • UMS5 – Small-scale Institutions (“UMS5”)

UMS4 participants roles include but are not limited to (i) distribution of Central Ura and other forms of currency in their territory, (ii) securing, holding, and storing Central Ura without devaluation and counterfeit free, and (iii) management of reserves in their custody to maintain their value without devaluation.

Participants in UMS5 category are equivalent to small-scale financial institutions like a small-scale commercial bank. For this level, participation is open to any qualified participant. To qualify as a UMS5 participant in the Central Ura Ecosystem, a participant must:

  • receive approval and any required permits from the territory’s appropriate authorities to operate as a small-scale financial institution in the territory.
  • have a corporate structure that is established and maintained in accordance with the principles of safe and sound financial systems.
  • meet, comply, and maintain all legal and fiduciary responsibilities of a small-scale financial institution and the Central Ura Ecosystem participation rules for UMS5 entities. 

UMS5 participants operate platforms and/or networks used to distribute Central Ura, hold Central Ura and settle Central Ura transactions. An example of an entity in this level is K1Malls platforms [www.k1malls.com] (“K1malls”) managed by Neshuns Corporation Inc (“Neshuns”) as a global ecommerce marketplace connecting buyers and sellers of goods and services in every economic activity industry as defined by the International Standard Industrial Classification of All Economic Activities (“ISIC”), a United Nations industry classification system (the “Platform”). K1malls distributes Central Ura digitally (“Digital Ura”) which is derived from Central Ura and is counterfeit free. 

At all times Central Ura in circulation is equal to market demand to the extent that the market demand can be satisfied without devaluing Central Ura.

It is set by UMS1 in its capacity as the monetary authority over Central Ura and Central Ura Ecosystem. The three tools used by UMS1 to implement Central Ura Global Monetary Policy are open market operations, discount rate, and reserve requirement.

  • UMS1 uses open market operations to influence the supply of Central Ura in the Central Ura Global Ecosystem. To increase reserves, UMS1 buys financial instruments and pays for them by making a deposit to the account maintained at UMS1 by the primary dealer’s bank. To reduce reserves, UMS1 sells financial instruments and collects from those accounts. By trading financial instruments, UMS1 influences the amount of Central Ura in the Central Ura Global Ecosystem, which affects UMS1 funds rate at which financial institutions borrow Central Ura from each other. The UMS1 funds rate is sensitive to changes in the demand for and supply of Central Ura in the Central Ura Global Ecosystem.  
  • The discount rate charged by UMS1 to eligible financial institutions on short-term loans.
  • Reserve requirements that eligible financial institutions must maintain either in their vaults or on deposit at UMS1.
    • Central Ura National Monetary Policy

It is formulated by UMS2 for the UMS2 Territory and is based on the Global Monetary Policy. The three tools used by UMS2 to implement Ura National Monetary Policy are open market operations, discount rate, and reserve requirement.

  • UMS2 uses open market operations to influence the supply of Central Ura in the UMS2 territory. To increase reserves, UMS2 buys financial instruments and pays for them by making a deposit to the account maintained at UMS2 by the primary dealer’s bank. To reduce reserves, UMS2 sells financial instruments and collects from those accounts. By trading financial instruments, UMS2 influences the amount of Central Ura in the UMS2 territory, which affects UMS2 funds rate at which UMS3 financial institutions borrow Central Ura from each other. The UMS2 funds rate is sensitive to changes in the demand for and supply of Central Ura in the UMS2 territory. 
  • The discount rate charged by UMS2 to UMS3 financial institutions on short-term loans.
  • Reserve requirements that UMS3 financial institutions must maintain either in their vaults or on deposit at UMS2.

Central Ura is a complementary currency distributed after the order of fiat monetary system like any other fiat. Central Ura Monetary System at a minimum meets all the equivalent structures, services, support, and regulative requirements of fiat monetary system within the context of current technological advances, making it possible for Central Ura to be widely adopted and utilized.

Central Ura is to be utilized as money, because (i) it is a Medium of Exchange used to intermediate the exchange of goods and services; (ii) it is a Unit of Account used as a standard numerical unit of measurement of market value of goods, services, and other transactions. It is divisible into smaller units without loss of value, fungible (one unit is equivalent to any other), and is verifiably countable; (iii) it is a Store of Value as it is reliably saved, stored, remains stable over time and retrieved as a usable medium of exchange; (iv) it is a standard of deferred payment used to denominate debts and settle them; and (v) it is a standard measure of value and common denomination of trade thus a basis for quoting and bargaining prices. Therefore, Central Ura need not be exchanged for other forms of money to utilize it, but for usability in monetary systems that are yet to adopt Central Ura as money or a complementary currency, Ura can be exchanged for other forms of money in an amount equal to the Ura value. It is for exchange purposes that all Central Ura monetary system distributors must hold other forms of money reserves to meet any exchange requests.

Central Ura Distribution and Exchange occurs when Central Ura is exchanged for other forms of money of equal value on the exchange date., while Transfer occurs when Central Ura is paid from entity to entity without converting to any other forms of money. All Central Ura transfers must meet and comply with anti-money laundering and combating the financing of terrorism (“AML/CFT”) requirements as set by the Financial Action Task Force (“FATF”) to avoid abuse by criminals or those involved in laundering the proceeds of crime or the financing of terrorism. 

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