Groups of Currencies
International Association for the Legitimate Acceptance / Adoption of Palai.
Group of Currencies: What are those and WHY?
Let us start with saying that the Human progress cannot be stoped or delayed; Us Humans, we are constantly evolving and moving forward.
Part of that includes the fact that we invent devises and things for the benefit of us all.
Such devises they have had a timeframe whereas they had been usefull for us until they inevitably they get remplazed by something more modern…
Let’s talk about transportation for example: There was a time when humans walked to move around our planet. Then with the invention of the wheel; Along we started to see carriages pulled by animals.
Further in time after many years of having carriages pulled by horses someone dared to invent a “four wheeled horse”…
Everybody laughed about such invention stating that it was just an expensive toy for wealthy folks… People dared to place a timeframe for this invention and decided that will not last more than a couple of years or so because there where no paved roads where this kind of vehicles would be able to circulate. They even predicted that its fate was already known due to the fact that it needed tires to be able to be used.
How many of us still depends on horse carriages for transportation? in stead of a car, a bus or some other four wheeled horse?
The same thing happens for everything that we as humans had invented or will invent…
This currency per se was created by the IMF since 1969 and it has been in use ever since.
The main purpose of this SDR currency is to be able to lend money to struggling economies as needed and to let them continue being afloat.
IMF member countries can borrow money at a favorable rates from the IMF’s reserves in any of the currencies listed in the SDR basket.
This basket includes and is pegged to a 41.73 % of USD, a 8.09 % of GBP, a 10.92% of CNY, a 8.33 % of JPY and a 30.93% of EUR.
It is important to mention that; this basket not was composed solely of this currencies since it’s inception. Some other currencies were part of it during 1974 thru 1980 that are no longer a part of it due to miscelaneous reasons.
The last currency that was includded in this basket was the CNY wich happened on October 1, 2016.
So, How do we calculate the Value of 1.00 SDR?
We do have a Padlock wich is the placeholder for the value used to be able to make the comparison of the Palai price towards other currencies.
The value of this padlock is the one used to determine the value of the SDR in Palai.
This Padlock changes as per the details listed in our page related to How do we calculate the Value of 1.00 Pai? by the way: Pai is the acronim for Palai.
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This is a proposed currency soon to be enacted or unveiled as of August 22, 2023 during the next BRICS Reunion soon to be held in Johanesburg in South Africa.
This currency comes along with a payment system that enables member states to be able to trade and pay using this currency in stead of other currencies we all have relied on for many years.
The Value of 1 BRICS is equal to the percentage of the each currency that is entered in the system: 20% in BRL, 20% in RUB, 20% in INR, 20% in CNY and lastly a 20% in ZAR
In other words; they are consolidating their currencies into a single currency giving equal valuation to each one of the currencies that are a part of 1.00 BRICS.
How do we calculate the Value in Palai for 1 BRICS?:
We add the value in Palai for each currency: Palai Value of 1.00 BRL +Palai Value of 1.00 RUB + Palai Value of 1.00 INR + Palai Value of 1.00 CNY + Palai Value of 1.00 ZAR = 1.00 BRICS.
>>>The world it is in constant evolution and forever changing. Part of this change is the fact that new ideas are proposed and enacted for the benefit of us all.
After some deep research and investigation to come up with an apropriate alternative we decided to create an indicator or a value with wich we are to be able to compare the progress or movements of this other 5 currencies.
We decided to call it a GHEMA:
We are proposing the GHEMA: A currency composed of 5 other currencies in order to counterbalance the BRICS thus enabling the rest of humanity to have an alternative towards what it is already soon to be in circulation.
How do we calculate the Value in Palai for 1 GHEMA?:
We add the value in Palai for each currency: Palai Value of 1.00 GTQ +Palai Value of 1.00 HNL + Palai Value of 1.00 BTC + Palai Value of 1.00 MXN + Palai Value of 1.00 ARS = 1.00 GHEMA.
Fresh ideas are what moves the world.
Not so long ago the BRICS was proposed and now is soon to be a reality.
We are proposing the GHEMA so; if you are in favor -or against it- we would like to hear your opinion.
Rome was not built in a day… So does the widespread use of Palai.
Please be mindful that our main purpose is to legitimize and promote the use of Palai as the currency of Planet Earth. Yet before we get there… other groups of currencies may exist.
Please do not forget to promote the usage of Palai by inviting more people to accept our currency as a form of payment for watever goods or services they may have for sale.
Palai is a property of Humans and for the benefit of us all as one.
We did not create Palai as a currency, yet without iALAP then Palai is lacking the necessary trust, validity and transparency that the users of Palai need.

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Image depicting a SDR document in the amount of 10 billion SDR giving you its equivalency in gold.
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