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V. Union Objects
  
  Article 64-Union Currency  
64.1 Union Currency  
  Africans Union Moneta , also known as Union Moneta are the fourth most valuable currency ever formed.  
  One (1) valid Union Moneta is equal to one (1) valid University Moneta.  
  A Union Moneta is never permitted to be fractionalized nor reduced in any way less than the whole number value of one (1).  
64.2 Structure of a Union Moneta  
  By this article, the following criteria is the essential structural components of an Africans Union Moneta:  
  (i) At least one (1) valid unit of value evidenced by the existence of a unique eighteen (18) digit serial number representing the valid existence of the Union Moneta belonging to the Great Ledger of Union Moneta serial numbers for all Union Monetas ever created and issued; and  
  (ii) A single beneficiary to whom the Union Moneta is granted being a valid Merchant; and  
  (iii) A record of the valid eighteen (18) digit Great Register number of office of Notary that first created the Union Moneta; and  
  (iv) A record of the valid eighteen (18) digit Great Register number of the member commissioned to the office of Notary that first created the Union Moneta; and  
  (v) The eighteen (18) digit Great Register number of the instrument to which the one or more Union Monetas have been assigned; and  
  (vi) The Ucadian Time at which the Union Moneta was legitimately created and assigned to its particular instrument; and  
  (vii) The eighteen (18) digit Great Register number representing the valid Account into which the one or more Union Monetas have been placed; and  
  (viii) The eighteen (18) digit Great Register number representing the valid Silver Credo (Credit) instrument specifically underwriting the issue of these Monetas.  
  If one or more of these criteria cannot be demonstrated, then an object cannot be legitimately be considered as a valid Union Moneta.  
64.3 Structure and Trade of an Authenticated Abstract of Union Monetas  
  An Authenticated Abstract of Union Moneta shall be any printed instrument demonstrating all eight (8) valid criteria for a valid Union Moneta.  
  The original form of Union Moneta is and always shall be by its existence in the Great Register. By this Covenant, authenticated abstracts may be created for the purpose of trade and exchange between all valid Merchants within the boundaries of the Union, the Banks of the University Societies and the seven (7) Reserve Banks being Globe Union Reserve Bank, Africans Union Reserve Bank, Americas Union Reserve Bank, Asia Union Reserve Bank, Arabian Union Reserve Bank, Euro Union Reserve Bank and Oceanic Union Reserve Bank.  
  Any claimed holder of a Union Moneta that is not a Merchant, Union Reserve Bank or valid National Society is an unlawful holder. Any claimed beneficiary that is not a valid Merchant, Union or valid National Society is an invalid beneficiary.  
64.4 Face value relationships of a Union Moneta  
  A Union Moneta shall have the following permanent value relationships:  
  1,000, 000,000 union moneta = 1 supreme credo  
  10, 000,000 union moneta = 1 gold credo  
  10,000 union Moneta = 1 silver credo  
  1 union Moneta = 1 university moneta  
64.5 Creation into circulation of Union Monetas  
  A Union Moneta is created into circulation by one of two method of Underwriting:  
  (i) When a Union Reserve Bank, or National Treasury agrees to use its holdings of one or more Globe Monetas to underwrite the value of Union Monetas of the Bank for a fixed period of time; or  
  (ii) When a Union Reserve Bank or National Treasury receives a quantity of Union National Monetas or other currency from another Reserve Bank, or Treasury of a University Society and chooses to purchase one or more Globe Monetas of equivalent value, removing the Union Sovereign Monetas or National Monetas from circulation.  
64.6 Removal from circulation of Union Monetas  
  A Union Moneta is removed from circulation by:  
  (i) A Union Reserve Bank requesting Union Monetas be redeemed back to the Treasury in either equivalent value of Silver Credo; or  
  (ii) The fixed period of use of Silver Credo as underwriting expires.  
64.7 Forbiddance of usury  
  No Usury, also known as interest, may be charged by any central bank, or entity on the manufacture and distribution of Union Monetas and any currency it supports.  
  The charging of interest is considered a serious crime against the society with significant penalties if breached.  
     
     
 
 

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