Lumi (currency)

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 Lumi
First issue in 2018, back facing
ISO 4217
CodeAKL (proposed)
Number988 (proposed)
Denominations
SymbolAKL
Demographics
Date of introduction2014
User(s)ECO-6
Issuance
Central bankAfrican Diaspora Central Bank
 Websitewww.eco-6.com
Valuation
Pegged 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]

Notes

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 dollars 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]

See also

References
  1. "MAROON DEFIANCE: BOJ says Lumi not legal, but Accompong finance minister insists central bank can't dictate to them". Jamaica Observer.
  2. "The birth of The Lumi – an introduction". Modern Ghana.
  3. "Maroons: Queen must pay". Jamaica Observer.
  4. "Bank of Accompong". accompong.
  5. "Timothy E. McPherson on the new currency -the Lumi- and elimination of Debt in Africa - YouTube". www.youtube.com.
  6. "Lumi Currency". eco-6.
  7. "FAQs". eco-6.
  8. "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".
  9. "Colonel Richard Currie Elected Leader For "The Accompong Maroons."". Vision Newspaper. 2021-03-11. Retrieved 2021-05-30.
  10. "Embili Kanye Kanye". Retrieved 2022-02-09.
  11. "Six Trillion USD in New Digital 'LUMI' to be dispersed for African development says ECO-6 and SOAD". October 1, 2020.
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