On April 10, the Digital Currency Monetary Authority (DCMA) announced a central bank digital currency called the Universal Monetary Unit (UMU) or Unicoin.

The DCMA’s original press release acknowledges that the IMF has not officially endorsed Universal Monetary Unit. Rather, it says that the IMF has merely reviewed the project’s whitepaper and has not objected to certain project details.

The news around the IMF’s ties to Unicoin seems to be due to the fact that the DCMA announced the launch of Unicoin during the IMF’s Spring Meetings.