MONETARY POLICY
OUR MONETARY POLICY IS TO MAINTAIN THE STRENGTH AND INTEGRITY OF AFRICA'S GLOBAL CURRENCY -The LUMI.
TO LIMIT THE NEGATIVE INFLATIONARY IMPACT THAT FIAT CURRENCIES HAVE WITHIN THE GLOBAL AFRICAN ECONOMY.
Price stability is the backbone of trade and economic integrity.
MORE THAN 650 MILLION AFRICANS LACK ACCESS TO ELECTRICITY
Our monetary policy is fixed around The LUMI standard wherein each LUMI note is underwritten by 100kWh of solar energy and pegged against 4 grains of gold (0.2592 grams).
This policy allows our global African Currency to combat against carbon emissions while achieving both meaningful economic transformation and monetary prowess.
AFRICAN DIASPORA CENTRAL BANK
The ADCB main decision making body is the Executive Board which works closely with the Governing Council, the heads of central banks, and the heads of specialty banks created within the new LUMI Sixth Region System of Banks.
After the African Union, ECO-6 is the largest African governmental organisation in the world representing the combined aspirations of both our people in Diaspora and indigenous nations and Kingdoms in continental Africa.
Our Executive Board is committed to poverty eradication, ecological leadership through climate action, and the sustainable transformation of Africa and the world.
Monetary policy within the LUMI Sixth Region System is committed to achieving real-time transaction settlement anywhere in the world.
Monetary policy within the LUMI Sixth Region System recognises the need for fearless investments in real-estate portfolios, developing lands for sustainable cities and supporting families through the building of affordable homes.
H.R.H. Cassandra Wall
Vice-President
African Diaspora Central Bank
Monetary policy within the LUMI Sixth Region System has allowed the unbanked African populations in the Caribbean, the Americas, the continent, and around the world to have access to liquidity like never before.
H.E. Servias Mazhetese
Vice-President
African Diaspora Central Bank
Monetary Policy within the Lumi Sixth Region System is transforming lives by bringing financial security, transparency, and integrity to the economy.
ADCB is at the heart of The LUMI Monetary System and Supervisory Mechanism.
We recognise that The LUMI must succeed in the battle against climate change while simultaneously empowering the global African family.
This requires an approach of fiscal discipline towards "old-world" fiat currencies, and a focus on a new era of African economic stability and leadership.
H.M. Rex Semako I & VI Chief Timothy Elisha McPherson
President
African Diaspora Central Bank
"Our executive team is dedicated to wealth preservation for the Global African Family of today, tomorrow and the generations to come."
Year Opening Report 2022
The LUMI
Underwritten completely by solar energy and convertible into gold, the LUMI is now listed amongst the most valuable currencies in the world.
Background:
The Island of Xaymaca (Jamaica) is known for people who achieve superlatives: the greatest athlete in the world Usain Bolt, the most celebrated singer in the world Bob Marley, the great and historically most omnipotent royal throne of Queen Nanny of the Maroons, and the prolific pan-Africanist Marcus Garvey. So it should be no surprise that the strongest and most innovative currency in the world now comes from the sovereign Maroon territories on the Island of Xaymaca.
In 2018 the Maroon territories were designated as the official siege for the African Diaspora Sixth Region, representing more than 340 million people of African descent outside of the continent.
The LUMI was designated as the official currency for the Economic Community of the African Diaspora Sixth Region (ECO-6) with full integration in the African Diaspora Central Bank (ADCB) and its member institutions, thereby establishing it as the first truly sovereign African regional currency to be issued. The Economic Community of West African States (ECOWAS) is expected to issue its regional currency, the ECO, in the near future.
The LUMI digital footprint circulates in 190 countries as it facilitates a new era of economic growth and cooperation between continental Africa and the Sixth Region. As the global African family enters the 4th industrial digital revolution, the RESET, the LUMI will be used to finance sustainable African industrialization and ensure that African resources are used to advance the economic interests of Africans on the continent and in the Sixth Region.
Th Power of LUMI
Semi-fiat currencies within the Arab community, such as the Kuwait Dinar and the Oman Rial, have derived their distinct economic value through the correlation of monetary policy and petroleum energy. However, as the international community works together to decrease carbon emissions and man-made climate change, the LUMI puts the global African family in a strategic leadership position for the 21st Century.
Each LUMI is underwritten by 100 solar-kilowatt-hours of energy, and it is issued in both physical notes and digital denominations. For users around the world, digital LUMI can interface with smartphones, smart-watches, personal computers, and can interoperate with existing payment systems.
The LUMI has already been applauded by financial engineers as a transformative instrument of monetary policy, and central banks around the world are quickly seeking to duplicate the LUMI currency framework. The central banks in Europe, Asia and the Americas are all exploring digital currency solutions.
The unique strength and attraction of the LUMI is its classic approach to monetary instruments which stipulates that all currencies should meet the general criteria of ‘money’ as it is defined by its most conventional function and definition:
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Money is a medium of exchange that facilitates economic transactions
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money is a store of real value;
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money is a unit of account for the pricing of goods and services;
Fiat currency does not satisfy the second criteria and consequently has become the cause of global economic turmoil. Whether it is circulated by physical notes or digital notes, fiat currency is intrinsically worthless as a monetary instrument and through unbalanced trade has destroyed African economies both on the continent and throughout the Sixth Region.
The LUMI, with its fixed nominal terms and universal accessibility, carries with it the fiscal integrity that belongs to real money. Each issued LUMI is underwritten by one hundred kilowatt-hours of solar energy. The currency valuation against gold-grains is a parity of 1-to-4, where one LUMI equals the market value of 4 grains of gold.
