The ECO-6 Lumi currency remains the only alternative left for the Continental Africa to adopt if they really want to revive the falling economy.

Concerns have been raised by economic experts at the global state how global currencies are falling drastically in value while only the US Dollar is on a constant gain.

The surprising thing is, despite the surge in value of the US Dollar the country’s inflation rate has significantly declined under the present administration.

Newsway learnt that with the current state of the global economy, even the implementation of the Africa Continental Free Trade Area in encounter a huge setback as the continent continue with witness daily hike in commodity prices.

In Nigeria for example, the Naira has continued on the downward slope since the current reopened the economy after lockdown. Today it has been reported that the Naira is being exchanged at the parallel Market (black market) at the rate of N710 per Dollar signaling a serious danger ahead.

On the international scene, the Japanese Yen witnessed a fall by 15% compare to what it was last year as $1 now exchanged at the official rate of ¥136 the currency’s lowest value in 24 years.

The story is not different from the South Korea where the Country’s currency (Won) been exchanged at the official rate of 1,300 per $1 the lowest value recorded in 13 years.

In the same Asian Continent, the Philippian Peso has fallen drastically, such that a $1 goes for 54 peso and the lowest value in 17 years.

With these statistical data, the world economy has totally collapse and African leaders must take a drastic measure to take control of the Economy by adopting a more stable currency.

World leaders are beginning looking for ways to figure out how resurgent Dollar suddenly drags other local currencies down. Even cryptocurrencies are not doing well as investors constantly loose millions of Dollars on crypto assets.

The Lumi is presently the only way forward for the Continental Africa and Africans must rise up to this responsibility and challenge our leaders to as a matter of urgency integrate Lumi in national economies to overcome the collapsing economy.

Experts believes that, currencies that are pegged to valuable commodities will still do well and Lumi is the only currency in Africa that is pegged against a precious stone (Gold).

On the 30th of March this year (2022), the officials of the Economic Community of the Sixth African Region (ECO-6) unveiled the Lumi Exchange Rate Mechanism (ERM) mandating all Regional Governments to adopt lumi as a legal tender for goods and services. With the deadline given (1st October,2022).