What is African kingdom LUMI?

08 Apr.,2024

 

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. 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. Note, 4 grains of gold = USD 15.96. Therefore, 1 Lumi = USD 15.96.
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.

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For many who have remained excluded for generations, this means hope for a different kind of future. A future where they can dare dream and aspire to realise their dreams through economic transformation.

Lumi Currency has positioned itself to be ears, mouths and catalysts for change in Africa. More than just an information Hub, we are pioneers of the future by building the Africa we want with the best resource we have, the ‘Lumi Currency’, which is backed by the greatest commodity in the Universe, the ‘Sun’. Currently, there exist only 1 LUMI banknote which represents 1 LUMI.

Currency in British West Indies

The African Kingdoms LUMI is a new currency with limited recognition. It was established as legal tender within the 2014 Bank Act of Accompong, a sovereign indigenous village in Jamaica, 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 sovereign 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 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] However the Bank of Jamaica warned against the currency, stating "Any purported issuance of currency of the island of Jamaica by a person or an entity other than the Bank of Jamaica is unauthorised and in breach of the Bank of Jamaica Act”[7] Furthermore, the African Kingdoms Federation also distanced itself from the LUMI, preferring to create its own currency in 2021 called the Lumi'Ra.[8]

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.[9][10] The lumi is no longer used as the Accompong currency. Instead, it is now issued by the African Diaspora Central Bank. 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.[11]

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Notes

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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.[12][13]

References

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What is African kingdom LUMI?

Lumi (currency)