The Making Whole Program and Debt Relief

The Making Whole Program is the centerpiece of the C2C Monetary System, designed to address the unjust legacy of fiat currency and provide a true solution to global debt. Unlike traditional debt relief solutions that involve painful austerity measures, haircuts, or the dilution of debt value, the Making Whole Program eliminates the legacy debt without creating new debt or imposing hardship on nations, corporations, or individuals.

At the heart of the Making Whole Program is the principle of economic restoration—the global economy transitioning from a debt-based system to a credit-based economy. By using Central Ura (U), a sovereign asset-backed currency, the program provides the funds needed to erase legacy debt and reset the economy, restoring financial sovereignty to nations and creating a system based on real value rather than fiat money.

Central Ura (U) is currently the C2C Monetary System-compliant money, issued by Central Ura Reserve Limited (CURL), which stands as the global custodian and issuing authority for the Central Ura Monetary System. This innovative financial framework is engineered to transition the world from debt-based fiat currencies to a Credit-to-Credit Monetary System. The Central Ura Reserve Limited (CURL) plays a crucial role in preserving the value and stability of Central Ura, ensuring it functions as a secure store of value and an effective medium of exchange.

However, it’s important to clarify that Central Ura (U) is not intended to replace any nation’s existing currency. Instead, it will function similarly to how traditional foreign currencies like the USD are used today as reserves. The C2C Monetary System integrates Central Ura (U) into the existing banking framework by using it as a reserve asset to back a nation’s existing currency.

Central Ura (U) will be made available to Central/Reserve Banks, who will manage it, alongside other Primary Reserves they hold, to ensure the stability and value of the nation’s domestic currency. This process will restore the nation’s currency from being fiat currency to true money—a currency backed by real, tangible reserves like gold, verified receivables, and Central Ura (U). Essentially, the C2C Monetary System restores money to its original function—currency that conveys value, rather than the fiat system where money has no inherent value.

It is also important to note that Central Ura will not be issued by any single nation. Instead, the Central Ura will be issued by Central Ura Reserve Limited (CURL) in its current form. Upon the adoption and ratification of the Proposed Treaty of Nairobi, Central Ura will be transitioned to become the sovereign currency of the Global Uru Authority (GUA), making Central Ura the global reserve currency. This means that no other nation will have the authority to issue Central Ura. Every nation retains its current domestic currency, unless the nation itself chooses to change its currency.

Following the establishment of the GUA, the Central Ura will serve as the Domestic Natural Money of the GUA, a multinational body responsible for overseeing the C2C monetary system and ensuring that Central Ura is used in global transactions as a stable, asset-backed form of money.

This restoration and correction process does not disrupt the current banking system. In fact, the current banking system—designed originally to issue and manage money—will remain the backbone of the C2C system, using Central Ura (U) and other reserves to issue currency. The only change is the shift from debt-backed to asset-backed currency.