The African Kingdoms LUMI was established as legal tender within the 2014 Bank Act of Accompong and issued to the public by the Central Solar Reserve Bank of Accompong as the currency of the Sovereign Maroon State of Accompong with its physical bank notes printed in Canada.[1][2] The LUMI was created by the then Minister of Finance and Founding Governor of the Bank of Accompong, H.H. Chief Timothy McPherson, who is a global financial engineer that hails from the Maroon territory of Queen Nanny of the Maroons on the Island of Jamaica.[3]
Although the first AKL Lumi were printed in 2016[4][5] for use within Accompong, since 2020 the LUMI has been adopted as the official currency by numerous governmental bodies, including: the Economic Community of the States, Nations, Territories and Realms of the African Diaspora 6th Region (ECO-6), the State of the African Diaspora, the African Kingdoms Federation, the United Kingdoms of Africa, and the African Diaspora Central Bank.[6][2]
Underwritten by solar energy through power purchase agreements, the currency is worth 100Kwh of solar energy, with a fixed valuation at 4 grains of gold (0.2592 grams) for 1 AKL.[7][8] The lumi is no longer used as the Accompong currency. It is now issued by the African Diaspora Central Bank since the Central Solar Reserve Bank was destituted by Colonel Richard Currie when he replaced Colonel Ferron Williams as the new elected Head of State for Accompong.[9]
There currently is only 1 banknote, which represents 1 lumi. In 2021, the African Diaspora Central Bank (ADCB) reported a total of US$1.1 trillion in transactions between Africa and the global Diaspora using LUMI; this is equal to more than a third of the total GDP for continental Africa at US$2.7 trillion in 2021.[10][11]
References
^"MAROON DEFIANCE: BOJ says Lumi not legal, but Accompong finance minister insists central bank can't dictate to them". Jamaica Observer.
^ ab"The birth of The Lumi – an introduction". Modern Ghana.
^"Six Trillion USD in New Digital 'LUMI' to be dispersed for African development says ECO-6 and SOAD". October 1, 2020.
January 05, 2023
lumi, currency, african, kingdoms, lumi, established, legal, tender, within, 2014, bank, accompong, issued, public, central, solar, reserve, bank, accompong, currency, sovereign, maroon, state, accompong, with, physical, bank, notes, printed, canada, lumi, cre. The African Kingdoms LUMI was established as legal tender within the 2014 Bank Act of Accompong and issued to the public by the Central Solar Reserve Bank of Accompong as the currency of the Sovereign Maroon State of Accompong with its physical bank notes printed in Canada 1 2 The LUMI was created by the then Minister of Finance and Founding Governor of the Bank of Accompong H H Chief Timothy McPherson who is a global financial engineer that hails from the Maroon territory of Queen Nanny of the Maroons on the Island of Jamaica 3 African Kingdoms LumiFirst issue in 2018 back facingISO 4217CodeNone AKL is proposed UnitSymbolAKL DemographicsDate of introduction2014User s ECO 6IssuanceCentral bankAfrican Diaspora Central Bank Websitewww wbr eco 6 wbr comValuationPegged withGold 4 grains or 0 2592 grams 1 LUMI Although the first AKL Lumi were printed in 2016 4 5 for use within Accompong since 2020 the LUMI has been adopted as the official currency by numerous governmental bodies including the Economic Community of the States Nations Territories and Realms of the African Diaspora 6th Region ECO 6 the State of the African Diaspora the African Kingdoms Federation the United Kingdoms of Africa and the African Diaspora Central Bank 6 2 Underwritten by solar energy through power purchase agreements the currency is worth 100Kwh of solar energy with a fixed valuation at 4 grains of gold 0 2592 grams for 1 AKL 7 8 The lumi is no longer used as the Accompong currency It is now issued by the African Diaspora Central Bank since the Central Solar Reserve Bank was destituted by Colonel Richard Currie when he replaced Colonel Ferron Williams as the new elected Head of State for Accompong 9 See also Edit Africa portal Money portal Numismatics portalCentral banks and currencies of the Caribbean Commonwealth banknote issuing institutions African Monetary Union African Central Bank Economic integration of West African States Economic Community of Central African States Central African CFA franc CAF East African shilling Council of Arab Economic Unity CAEU Arab Maghreb Union List of Commonwealth of Nations countries by GDPNotes EditThere currently is only 1 banknote which represents 1 lumi In 2021 the African Diaspora Central Bank ADCB reported a total of US 1 1 trillion in transactions between Africa and the global Diaspora using LUMI this is equal to more than a third of the total GDP for continental Africa at US 2 7 trillion in 2021 10 11 References Edit MAROON DEFIANCE BOJ says Lumi not legal but Accompong finance minister insists central bank can t dictate to them Jamaica Observer a b The birth of The Lumi an introduction Modern Ghana Maroons Queen must pay Jamaica Observer Bank of Accompong accompong Timothy E McPherson on the new currency the Lumi and elimination of Debt in Africa YouTube www youtube com Lumi Currency eco 6 FAQs eco 6 The LUMI NewPan African Currency US 6 000 000 000 000 US 6 trillion Global stimulus For The African Diaspora Africa And Kingdoms of Africa Colonel Richard Currie Elected Leader For The Accompong Maroons Vision Newspaper 2021 03 11 Retrieved 2021 05 30 Embili Kanye Kanye YouTube Retrieved 2022 02 09 Six Trillion USD in New Digital LUMI to be dispersed for African development says ECO 6 and SOAD October 1 2020 Retrieved from https en wikipedia org w index php title Lumi currency amp oldid 1125878301, wikipedia, wiki, book, books, library,
