As the global economy staggers under mountains of sovereign debt, runaway inflation, and chronic financial crises, it has become clear that the post‑1971 fiat‑based order—born of the Nixon Shock—can no longer deliver sustainable prosperity. In response, the Treaty of Nairobi (2025) proposes a comprehensive international framework to replace the failing system with an asset‑backed, credit‑based global monetary order, often dubbed “Bretton Woods 2.0.” At its heart lies the creation of the Global Ura Authority (GUA), tasked with overseeing a synchronized network of national and regional currencies anchored in real economic value.
1. The Collapse of the Fiat‑Based Global Order
Since the end of dollar‑convertibility to gold in 1971, world finance has operated on debt‑based fiat:
- Unlimited Money Creation: Central banks purchase government bonds or extend credit to commercial banks, driving constant expansion of the money supply.
- Explosive Sovereign Debt: By 2025, global public debt exceeds 100 % of world GDP, forcing austerity measures and social hardship in exchange for bailouts.
- Inflationary Pressures: Excess credit erodes purchasing power, triggering wage stagnation even as headline GDP growth ticks upward.
- Cyclical Instability: Credit bubbles and busts have led to repeated bank failures, market crashes, and the near‑collapse of the financial system in 2008 and 2020.
The Treaty of Nairobi is designed to reset this broken paradigm—restoring monetary stability, ending perpetual borrowing, and returning control over money to sovereign peoples.
2. Purpose & Scope of the Treaty
2.1 Founding Vision
- A Debt‑Free Global Monetary System: Eliminate the need for new sovereign borrowing by tying money issuance to existing economic output.
- Asset‑Backed Stability: Anchor currencies in verifiable reserves—Central Ura, gold, receivables—rather than unfunded promises.
- International Cooperation: Harmonize regulatory standards, reserve auditing, and transition protocols across all signatory states.
2.2 Core Articles
- Article I: Establishment of the Global Ura Authority (GUA) as an independent international organization with legal personality.
- Article II: Definitions clarifying “Credit‑to‑Credit (C2C) Monetary System,” “Primary Reserve,” “Secondary Reserve,” and membership categories.
- Article III: Objectives including monetary stability, debt elimination, financial inclusion, and technological integration (e.g., tokenized reserves).
3. Governance Structure of GUA
| Body | Composition & Role |
| General Assembly (GA) | All Member States; sets policy, approves budgets, admits new members; meets annually. |
| Board of Governors (BoG) | One governor per Member State; provides strategic oversight and supervises major initiatives. |
| Executive Council (EC) | Appointed by BoG; handles day‑to‑day operations, coordinates departments, and oversees treaty implementation. |
| Secretariat | Led by a Secretary‑General; manages administrative functions, research, reporting, and stakeholder outreach. |
Diplomatic Seat: Columbus, Ohio, USA (with privileges akin to a UN mission).
4. Membership & Accession
- Eligibility: Any sovereign state committed to abandoning debt‑based monetary issuance and adopting C2C principles.
- Application Process:
- Expression of Interest: Formal letter to GUA Secretariat.
- Assessment: Review of reserve assets, legal frameworks, and transitional readiness.
- Ratification: Domestic parliamentary approval, deposit of ratification instrument with the Depositary.
- Observers & Affiliates: NGOs, academic bodies, regional monetary funds may join in advisory roles.
5. Reserve Framework: Primary & Secondary
5.1 Primary Reserves
- Central Ura (URU): The linchpin reserve currency, issued by Oversight Entities (e.g., Central Ura Reserve Limited) in strict C2C compliance.
- Gold Holdings: National central banks commit audited gold bullion to back local currency issuance.
- Existing Receivables: Export contracts, public infrastructure revenues, and other verifiable claims.
5.2 Secondary Reserves
- Productive Assets: Tokenized stakes in green energy, sustainable agriculture, and public infrastructure.
- High‑Quality Financial Instruments: Sovereign wealth fund allocations, pandemic response back‑stops.
All reserves undergo annual, on‑chain audits to ensure transparency and integrity.
6. Phased Transition Roadmap
Phase 0: Preliminary Workshops
- Timeline: Completed by Q1 2025
- Activities: Stakeholder identification, legal gap analysis, resource assessment.
Phase 1: Legal & Constitutional Alignment
- Q2 2025
- Drafting and passing amendments to recognize C2C currency as legal tender.
Phase 2: Reserve Allocation Conferences
- Q3 2025
- Member States finalize asset contributions; Oversight Entities certify reserve sufficiency.
Phase 3: Central Bank Reform & Issuance Protocol
- Q4 2025
- Reconfigure open‑market operations; pilot digital platforms for token issuance.
Phase 4: Currency Rollout & Public Debt Conversion
- Early 2026
- Launch of national C2C currencies; debt‑to‑reserve exchanges via Redeemable Certificates.
7. “Making Whole” Creditors
To ensure no stakeholder is left behind, the Treaty mandates:
- Philosophy of Debt Neutralization: Governments orchestrate bond exchanges, buy‑backs, or swap models so that creditors suffer no loss of principal.
- Transparent Conversion Plans: Timelines, exchange rates, and redemption schedules are publicly disclosed.
- Redeemable Certificates: Old debt is replaced by certificates convertible into URU or national C2C money, pegged to verifiable economic metrics.
- Gradual Migration: Tranche‑based redemptions allow markets to adapt smoothly, minimizing shocks.
8. Implementation Roles & Responsibilities
| Actor | Key Responsibilities |
| IMF & World Bank | Support technical assistance, integrate C2C pilots into existing programs, retool conditionality. |
| National Governments | Amend laws, designate Oversight Entities, conduct reserve allocation, lead public outreach campaigns. |
| Central Banks & Fintechs | Develop digital infrastructure for tokenized assets, offer C2C‑compliant products, manage liquidity. |
| Businesses & Industry Groups | Pool collateral, educate members on new credit frameworks, innovate asset‑backed lending models. |
| Civil Society & Academia | Provide research, monitor transition fairness, deliver financial literacy programs on C2C mechanics. |
9. Benefits & Global Impact
- Eradication of Sovereign Debt: Halts interest spirals and frees up fiscal space for development.
- Price Stability: Money supply strictly tied to real assets, preventing arbitrary inflation.
- Monetary Sovereignty: Nations control their currencies without external conditionality.
- Inclusive Growth: Asset‑backed microcredits, lower funding costs, and protected savings empower citizens.
- Global Financial Resilience: A diversified, multi‑reserve system reduces single‑currency risk and geoeconomic friction.
10. Next Steps: Toward Bretton Woods 2.0
- Treaty Signing Conference: Mid‑2025 in Nairobi, Kenya—formal launch of GUA and initial signatories.
- Capacity‑Building Workshops: Regional hubs to train central bankers, fiscal authorities, and private‑sector actors.
- Public Awareness Campaigns: Globalgood Corporation, national governments, and NGOs to educate citizens about C2C’s benefits.
Conclusion: A New Monetary Dawn
The Treaty of Nairobi charts a bold course to retire the debt‑ridden fiat order and inaugurate a debt‑free, asset‑backed global monetary system. By empowering nations to issue currency only against real value—and ensuring that every creditor is “made whole”—this framework delivers the stability, sovereignty, and inclusive prosperity that the world has long sought.
“A wrong direction can never lead you to your destination.”
— Globalgood Corporation
The era of perpetual debt must end. The Treaty of Nairobi is our blueprint for a lasting Bretton Woods 2.0—where money becomes a tool for genuine human flourishing, not an engine of crisis.
Join us as we build a truly debt‑free global economy.