Open Letter To AU On The Way Forward For Monetary Policies in Africa
November 22, 2018
To: African Union and African Leaders.
We have launched an important, but crucial call to African Union and African Leaders for the creation of African currency base vis-à-vis the Central Bank of Africa as a gigantic transformation of our global economy that guarantees elevated level of competitive free market enterprising economy.
An African currency base, well mapped out, will compete with British pounds, US dollars, French francs, Chinese yen, all of which are top rated the most powerful international currencies of today. Any realization of the Central bank of Africa could mean the highest and intensely valuable financial institution to oversee all existing monetary institutions in Africa, and will be charged with responsibilities ranging from currency design, and currency mint for all nations within the continent of Africa, intra-continental (country to country)financial activities, inter-continental International financial transactions, as well as, function as a network hub for monitor, regulations and foreign exchange and policy recommendations.
More importantly, the central bank of Africa is envisaged to function from generation to generations, and oversee data and assets planning management and infrastructural support recommendations to African Union. When, and if debated and approved, will be created to remain passive in functional operational responsibilities discovery phase period of 2-4 years, after which, it moves into active implementation status.
We call on an open dialogue, consultation with more developed nations for proper Institutional structural design, especially, friendly nations in the West, Europe, far East, as well as Asia for broad base contributory ideas. A critical step in rendering African economy stronger, more manageable and competitive in emerging global economic transformational order.
Washington DC 20013
*Martin Atayo is an Executive in Chief of Multipurpose Global Application Technologies Corporation with headquarters based in Washington DC. He is a research scholar of Leadership, and inventor of applied science new study field, consciousness universality, or universities consciousness. He is the first to have advised African nations to adopt, encourage, support and promote private sector small business enterprising through government guaranteed low interest loans to small business enterprises. He is an adviser to governments.He can be reached via email MartinAtayo@mpgatechnology.com.
Nkemnji Global Tech
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