Russia and Iran are pioneering a significant initiative that would reshape the global financial landscape: the creation of a joint gold-backed currency.
This joint plan stands in support of a growing body of evidence that countries are seeking alternatives to traditional fiat currencies.
It is also an affirmation that an increasing number of countries are coming together publicly in full recognition that the global debt-based financial system cannot survive much longer.
I consider this as verifiable progress along the path to Our GCR (Global Currency Reset) realization.
The proposed joint currency, backed by gold, aims to provide a secure and reliable medium of exchange for international trade settlements.
Unlike artificial fiat currencies, which are subject to government whims and manipulation, a gold-backed currency offers tangible stability and intrinsic value.
Russia and Iran, both possessing significant gold reserves, are in discussions to establish the framework for this groundbreaking currency system.
The initiative involves leveraging their respective resources to create a stablecoin—a digital currency pegged to the value of gold. This stablecoin would facilitate trade between the two nations and potentially serve as a model for other countries (think BRICS) seeking to adopt similar measures.
The gold-backed currency process involves several key steps
- Exploration and Planning: Russian and Iranian officials are engaging in comprehensive discussions to explore the feasibility and logistics of creating a joint currency. This includes assessing the technical aspects, regulatory requirements, and potential benefits of such a system.
- Technical Implementation: Once the framework is established, technical experts will develop the infrastructure necessary to launch and maintain the gold-backed currency. This includes blockchain technology for secure transactions and mechanisms for storing and verifying the gold reserves backing the currency.
- Regulatory Compliance: Regulatory frameworks will be developed to ensure compliance with international financial standards and mitigate risks associated with the use of digital currencies. This includes measures to prevent money laundering, safeguard against fraud, and ensure transparency in transactions.
- International Collaboration: As the initiative progresses, Russia and Iran may seek partnerships with other nations (BRICS Alliance members for instance) interested in participating in the gold-backed currency system.
This will likely lead to the formation of a broader coalition of countries embracing alternative currencies and challenging the dominance of the current, global fiat currency system.
It also foretells grave implications for the future of the world’s most ubiquitous ‘fiat king’ – the US Dollar.
Also see: Iraq Breaking Away from USA to Forge New Ties with Russia and China: Great News for IQD RV
The discussions between Russia and Iran signal a significant step towards a global currency reset, with the potential to redefine the international monetary system.
By publicly planning a gold-backed currency, these countries are asserting their independence from traditional fiat financial institutions and paving the way for a more stable and equitable global economy.
Supporting article: Vedomosti Russia News – Russia and Iran have begun working on a joint gold-backed stablecoin.
