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LUMI - The New Digital and Physical Currency

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Frequently asked questions

  1. What is this LUMI Currency?

    • The LUMI is the official currency of the town of Accompong, in the Sovereign Territory of the Maroons on the Island of Jamaica and it is issued by the Central Bank of Accompong.

    • The currency has been designated as the official currency for the Economic Community of the African Diaspora 6th Region. It is also now the currency for both the State of the African Diaspora as well as the African Kingdoms Federation (AKF) and its Member Kingdoms (Nation-States).

    • The African Kingdoms Federation is the central 6th Region representative for the African Continent. 

  2. Why is the currency called "LUMI"?

    • The name LUMI is from the word LUMINOUS symbolizing the Sun (Ra). The currency is backed by solar energy and other renewable energy. Solar energy is the best source of energy for Africa‚Äôs economic development and protection of the environment

  3. Is this a physical currency?

    • Yes, this is a physical currency as well as a central bank digital currency (CBDC).

  4. What is a digital currency?

    • A digital currency is a digital representation of money which is transacted across the internet

  5. How do I transact this digital currency?

    • You will be required to sign up for a digital wallet to receive and send your digital currency.

  6. What is the LUMI stimulus?

    • ECO-6 is issuing a LUMI economic stimulus valued at US$100 (the equivalent of 6.26 LUMI) per person per month paid directly to their wallet for a period of 3 years (US$1200 per year).

  7. Who will receive this stimulus?

    • This is a stimulus to encourage socio-economic growth. All Africans in the Diaspora and all Africans on the Continent over the age of 18 years old will receive the currency. It is a Pan-African stimulus across all African Kingdoms and nations and territories and the Diaspora to support economic development.

  8. Is this a crypto-currency and what is backing this currency?

    • This is not a cryptocurrency. The LUMI is underwritten by 100KWh of solar energy and convertible to 4 grains of gold.  4 grains of gold in weight equals 0.2592 grams.  The current value for 1 LUMI is US$15.96.

  9. How long will this stimulus be paid?

    • The first issuance of funds will be October 1, 2020. The last issuance of funds will be October 1, 2023.

  10. Where can I use this currency?

    • We will be promoting throughout the African Diaspora and African businesses and merchandisers globally to accept the LUMI in exchange for goods and services and therefore creating our own worldwide economy and economic sovereignty

A new era of cooperation between Africa and the gl...
 

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Thursday, 05 August 2021

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