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By Anis Chowdhury and Jomo Kwame Sundaram SYDNEY and KUALA LUMPUR, Aug 2 2022 (IPS) - Colonial-style currency board arrangements have enabled continuing imperialist exploitation decades after the end of formal colonial rule. Such neo-colonial monetary systems persist despite modest reforms. In 2019, Italian Deputy Prime Minister Luigi Di Maio…
The Bank of Central African States (BEAC) has approved the plan by the Central African Republic (CAR) to introduce a national cryptocurrency backed by bitcoin, and says it will 'oversee the project.' According to a Cameroonian news site, the decision was taken following the meeting of the Ministerial Committee of the Central African Monetary Union
Deal aims to eliminate rivalry that has helped to make central Africa the poorest region among Africa’s economic groups
Africa Business Communities
Colonial-style currency board arrangements have enabled continuing imperialist exploitation decades after the end of formal colonial rule. Such neo-colonial monetary systems persist despite modest ref