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Coming Soon: $23b African Monetary Fund

AFRICANGLOBE - The African Union has approved the establishment of the African Monetary Fund, which will have a paid up capital of $23 billion.

The Big African Currency Question A Must Read

AFRICANGLOBE - The majority of African governments keep their reserves in dollars. Their membership of the IMF dictates the terms of their financial engagement with the international capitalist system. The US devalues the dollar by printing US$65 billion every month. Africans are losing in a number of ways but two are most blatant.