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The Yidindji Reserve Bank acts as the sovereign monetary authority for the Yidindji Nation. It may issue its own currency or develop alternative systems of exchange that reflect Indigenous values and economic priorities under instruction from the Office of Chief Minister & the Department of the Treasury.

The Sovereign Yidindji Government has launched a sovereign digital currency (GovCoin). Yidindji is an aboriginal Australian micronation that is part of the Australian Aboriginal Sovereignty. The new payment system is connected with MetaMUI's self-sovereign identity (SSID) system that is already used in retail stores and government offices. Details are still sketchy, but the press release says "it's a convertible currency whose collateral assets are gold and silver and other minerals and natural resources... Money issuance, backed by a digital certificate, is also backed with collateral assets."

The Birri Gubba Nation, an Australian indigenous sovereign nation, has signed a memorandum of understanding (MOU) with Sovereign Wallet, to establish a comprehensive national digital identity system to serve as account addresses for sovereign digital currency. Sovereign Wallet is a blockchain technology company that developed the MetaMUI CBDC Cloud Service for creating digital currencies, which the Yidinji Nation, another Australian indigenous nation, used to launch its Yidindji Dollar (SYD) in 2022. The Birri Gubba Nation national identity and digital currency systems are set to go live in September 2024. If it is structured like the Yidindji Dollar, it will be pegged to the Australian dollar (AUD), although the mechanism hasn't been revealed.