Central Cru Notes and Coins
Key Principles of Central Cru
- 1 Cru = Receivables US$53.352184: The value of 1 Cru is anchored to a specific amount of receivables, currently set at US$53.352184. These receivables appreciate annually at a rate of 12.5%, calculated and added daily, as long as the receivables from Resource Mobilization Inc remain in existence. However, any adjustments to the value of receivables allocated to 1 Cru will be informed by the amount of receivables required to maintain the purchasing power of Central Cru.
- Redeemability: 1 Cru is redeemable for Resource Mobilization Inc Receivables US$53.352184, subject to updates on this website by Central CM Series LLC. Cru can also be exchanged for its equivalent value in any currency, although the market exchange rate for Cru may differ from the official exchange rates provided by Central CM Series LLC.
- Fractional Units: Initially, 1 Cru was divided into 100 Fairs. However, as of 01/23/22, these fractional units are now referred to as Crucents, aligning with more conventional currency divisions.
Cru Notes
Crunotes represent the paper currency issued within the Cru ecosystem. The printing of Crunotes is authorized by Central CM Series LLC and is conducted as needed. The design, denomination, and distribution of Crunotes are carefully managed to ensure they reflect the value of the assets backing them within the Credit-to-Credit Monetary System.
- Crunotes Denominations: R1.00, R5.00, R10.00, R20.00, R50.00, and R100.
- Availability: Crunotes are expected to be available and in circulation as needed, providing a secure and reliable medium of exchange within the Cru ecosystem.
Cru Coins
Coins in the Cru ecosystem are denominated in Cru and Crucents. Just like Crunotes, the coins are backed by existing receivables within the Credit-to-Credit Monetary System, with 1 Cru equaling US$53.352184. The coins are intended to provide a physical form of currency that can be used in daily transactions and commerce.
- Cru Denominations: R1.00, R5.00, R10.00, R20.00, R50.00, and R100.00.
- Crucents Denominations: R0.5, R1.00, R2.00, R5.00, R10.00, Rc20.00, and R50.00.
- Minting Process: These coins will be minted with careful consideration of their physical design and the selection of minting entities. The coins are expected to be in circulation as needed, further supporting the use of Cru in trade and commerce.
Minting Central Cru Notes and Coins
The process of minting Central Cru notes and coins is a highly regulated activity that requires explicit authorization and approval. The minting of these physical forms of Central Cru is only conducted in jurisdictions where the National Central Ura Bank (NCUB) has received explicit authorization from the government to issue physical currency. This ensures that the currency is fully compliant with national laws and regulations and is properly integrated into the existing financial system.
- Authorization and Approval: Before any minting occurs, the Central CM Series LLC, in collaboration with the National Central Ura Bank (NCUB), must obtain governmental authorization. This process involves stringent regulatory oversight to ensure that the currency is backed by the appropriate receivables and that its issuance aligns with the monetary policy of the jurisdiction.
- Central Ura Access and Management: Available Central Ura that the market can access is managed through the Central Ura Monetary Structure. Specifically, the National Central Ura Bank (NCUB) oversees the distribution and circulation of Central Ura. The minting of Central Cru notes and coins is thus aligned with the broader objectives of maintaining economic stability and supporting national and international trade.
Central Cru as Reserve Assets
Availability and Circulation of Cru
The amount of Cru available for utilization is limited by the receivables available to back it, in accordance with the Credit-to-Credit system. While Cru is available in theory, the actual amount of Cru in circulation is governed by the monetary policy objectives of the Cru ecosystem, as managed by Central CM Series LLC.
The issuance and circulation of Cru notes and coins are closely monitored to maintain purchasing power and stability within the Credit-to-Credit Monetary System. Central CM Series LLC will authorize the minting of additional coins and the printing of Crunotes to the extent that each unit is backed by credit and as required to meet the needs of the Cru ecosystem.
Central Cru as a Store of Value
Withdrawal of Central Cru
Banking and Managing Central Cru
Any bank that offers multicurrency or foreign currency accounts should be able to bank and manage the Central Cru in the same way non-domestic currencies are managed. This process requires the bank to integrate Central Cru into its existing currency management systems and comply with the specific regulatory requirements for handling asset-backed money.
- Operational Integration: Banks must establish the infrastructure needed to handle Central Cru transactions effectively, including the ability to hold, deposit, exchange, and transact Central Cru alongside other currencies within their systems. This involves updating their multi-currency platforms to accommodate Central Cru and ensuring that all transactions are securely processed.
- Regulatory Compliance: Banks must adhere to the regulatory guidelines specific to Central Cru, including those related to the Credit-to-Credit Monetary System. This includes regular audits, compliance checks, and reporting to ensure that all operations involving Central Cru meet the required standards.
- Client Services: Banks should offer a full suite of services related to Central Cru, such as account management, investment options, and currency exchange. These services should be designed to provide customers with seamless access to the benefits of holding and using Central Cru, ensuring that it is fully integrated into their financial activities.
Conclusion
Central Cru notes and coins are integral components of the Credit-to-Credit Monetary System, providing a stable and reliable medium of exchange. With their value firmly anchored in tangible receivables, Cru notes and coins offer a secure and trustworthy currency option for global trade and commerce. As the Cru ecosystem continues to evolve, these physical representations of Cru will play a crucial role in maintaining the currency’s stability and usability across various economic activities.
Central Cru’s role as both a medium of exchange and a store of value further solidifies its importance in supporting the broader financial system, ensuring that both Central Cru and Central Ura remain reliable and stable forms of money. The ability of multicurrency banks to manage Central Cru alongside other currencies will further enhance its integration into the global financial system, providing a versatile and dependable currency for the future.