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
Accompong (from the Akan name ''Acheampong'') is a historical Maroon village located in the hills of St. Elizabeth Parish on the island of Jamaica. It is located in Cockpit Country, where Jamaican Maroons and indigenous Taíno established a for ...
with its physical bank notes printed in Canada.
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.
Although the first AKL Lumi were printed in 2016 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.
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.
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.
See also
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Central banks and currencies of the Caribbean This is a list of the central banks and currencies of the Caribbean.
There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and th ...
*
Commonwealth banknote-issuing institutions
Commonwealth banknote-issuing institutions also British Empire Paper Currency Issuers comprises a list of public, private, state-owned banks and other government bodies and Currency Boards who issued legal tender: banknotes.
Africa
Biafra
*Bank ...
*
African Monetary Union
The African Monetary Union (AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. Such a union would call for the creation of a new unified currency, sim ...
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African Central Bank
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Economic integration of West African States
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Economic Community of Central African States
The Economic Community of Central African States (ECCAS; french: Communauté Économique des États de l'Afrique Centrale, CEEAC; es, Comunidad Económica de los Estados de África Central, CEEAC; pt, Comunidade Económica dos Estados da Áfr ...
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Central African CFA franc
The Central African CFA franc ( French: ''franc CFA'' or simply ''franc''; ISO code: XAF; abbreviation: F.CFA) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equator ...
(CAF)
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East African shilling
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Council of Arab Economic Unity
The Council of Arab Economic Unity (CAEU) (Arabic: ) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an agreement in 1957 by ...
(CAEU)
*
Arab Maghreb Union
The Arab Maghreb Union (AMU) or simply the Maghreb Union (MU) ( ar, اتحاد المغرب العربي ', french: Union du Maghreb Arabe) is a political union and economic union trade agreement aiming for economic and future political unity am ...
*
List of Commonwealth of Nations countries by GDP
List of Commonwealth of Nations countries by GDP may refer to:
*List of Commonwealth of Nations countries by GDP (nominal), a list using the current exchange rates for national currencies
*List of Commonwealth of Nations countries by GDP (PPP)
...
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 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.
References
{{Currencies of Africa
Currencies of Africa