UPM Central Bank Launches Monetary Policy Plan and Economic Grants for Member States

The Director of the Union of Progressive Micronations Central Bank (UPMCB), Alexander Scott, has published the UPMCB’s monetary policy plan, establishing a framework for the development of the Union of Progressive Micronations Dollar (UPMD) and the UPM economy.

The policy reaffirms the UPMD as the primary currency of the UPM and states that the UPMCB will only issue UPMD that it can effectively back. It also formally recognizes the UPMCB as the only UPM-wide financial institution at this time.

In addition, the policy outlines plans to establish a UPM marketplace where members will be able to buy and sell goods and services using UPMD.

The UPMCB has also authorized the issuance of 50,000 UPMD, part of which will be distributed to member states as grants. With the goal of establishing a functional economic structure, each member state will be eligible to receive a grant of 2,500 UPMD. These grants will not need to be repaid, and member states are free to use the funds as they wish.

Member states will be required to submit an application to receive the grant. Additional information will be sent privately to each member state’s representatives.

Director Alexander Scott noted that the monetary policy plan may be updated over time as the UPMCB evaluates the evolving needs of the UPM.

Read the full monetary policy plan here: https://media.upmgov.org/directives/upmcb/2026/upmcb-monetary-policy-plan.pdf