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AmbaCoin

Official logo of AmbaCoin
Development
Initial release	24 December 2018 [1]
Development status	In use
Valuation
Exchange rate	US$0.25
Website
Website	ambacoin.io

AmbaCoin is the official cryptocurrency of Ambazonia. ^{[1] [2] [3] [4]} It is said to be backed by the "rich natural resources" of the breakaway region. ^[1] The AmbaCoin was launched on in 2018, and the ICO was from December 2018 to 2019. ^[5] The Ambazonian Government claims that all profits go towards their independence struggle and humanitarian aid. ^{[6] [7]}

Proposal

In 2018, AmbaCoin was created with the intention of being the official currency of Ambazonia. Despite the AmbaCoin being a cryptocurrency, it cannot be used as an official currency due to many Ambazonians not having access to the internet, low internet literacy, and lack of proper electricity infrastructure; most residents have little to no access to electricity. Because of this, a new currency would have to be introduced if independence is attained, for day-to-day transactions and business matters. Several names have been suggested but none have been adopted officially. Examples include: the Amba, the Ambazonian Shilling, the Amba-Dollar, Southern Cameroonian Pound, Ambazonian Cowry (the historical currency that circulated along the coast of West Africa, mostly by traders and merchants, before the colonization of Africa), Njangi, ^{[8] [9]} Ambazonian Dinar, Ambazonian Qwid and the West African Eco (provided it joins the ECOWAS along with the WAMZ if or once independence is attained).

References

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