AmbaCoin

Last updated

AmbaCoin
AmbaCoin Icon.png
Official logo of AmbaCoin
Development
Initial release24 December 2018 [1]
Development statusIn 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).

Related Research Articles

<span class="mw-page-title-main">Ambazonia</span> Political entity proclaimed by Cameroons Anglophone separatists

Ambazonia, alternatively the Federal Republic of Ambazonia or State of Ambazonia, is a political entity proclaimed by Anglophone separatists who are seeking independence from Cameroon. The separatists claim that Ambazonia should consist of the Northwest Region and Southwest Region of Cameroon. Since 2017, Ambazonian rebels are in an armed conflict with the Cameroonian military, in what is known as the Anglophone Crisis, setting up a government-in-exile and capturing some territory. No country has recognized Ambazonia's existence as of 2024.

<span class="mw-page-title-main">Anglophone Crisis</span> 2017–present separatist conflict in Cameroon

The Anglophone Crisis, also known as the Ambazonia War or the Cameroonian Civil War, is an ongoing armed conflict between Cameroon Armed Forces and Ambazonian separatist rebel groups, part of the long-standing Anglophone problem. Following the suppression of 2016–17 protests by Cameroonian authorities, separatists in the Anglophone regions launched a guerrilla campaign and later proclaimed independence. Within two months, the government of Cameroon declared war on the separatists and sent its army into the Anglophone regions.

The Ambazonia Defence Forces (ADF) are a military organization that fights for the independence of Ambazonia, a self-declared independent state in the Anglophone regions of the former Southern Cameroons, Cameroon. It was formally established by the Ambazonia Governing Council (AGovC) on 9 September 2017, the same day as the organization declared a war of independence.

Sisiku Julius Ayuk Tabe is an Ambazonian separatist leader from Ewelle village in Manyu division, and is the disputed first president of the unrecognized Federal Republic of Ambazonia. In January 2018 he was extradited from Nigeria to Cameroon, where he has been incarcerated ever since.

<span class="mw-page-title-main">President of Ambazonia</span>

The president of Ambazonia is the head of state of the unrecognised breakaway state of Ambazonia, which claims the Northwest Region and Southwest Region of Cameroon. No country has formally recognized Ambazonia's independence and the various pro-independence armed groups have not consistently controlled any territory, but are engaged in guerilla campaigns against pro-government forces. The territory claimed by Ambazonia is currently the site of an armed conflict between Anglophone separatist guerillas ("Ambazonians") and the Cameroonian military known as the Anglophone Crisis.

This is a timeline of the Anglophone Crisis during 2017.

<span class="mw-page-title-main">International reactions to the Anglophone Crisis</span>

From 2018, the Anglophone Crisis drew increasing international attention, and became a challenge to Cameroon's foreign relations. Triggered by a violent crackdown on the 2016–2017 Cameroonian protests, the conflict escalated from a low-scale insurgency to a civil war-like situation. While Cameroon enjoys support from African countries, no country has openly supported the Ambazonian independence movements. However, many countries have put pressure on Cameroon to talk to the separatists. In addition, the separatists enjoy support from officers in the Nigerian Army, who have helped arrange arms deals for them.

The Ambazonia Governing Council (AGovC) is an Ambazonian independence movement. The movement has been known as "hardline" compared to other major Ambazonian separatist movements, and unwilling to engage with federalists. Starting off with a complicated relationship with the larger Interim Government of Ambazonia (IG), following the 2019 Ambazonian leadership crisis, the AGovC officially allied itself to the faction of the IG loyal to the first President of Ambazonia, Sisiku Julius Ayuk Tabe.

Red Dragon is an Ambazonian separatist militia loyal to the Interim Government of Ambazonia, and is part of the Ambazonia Self-Defence Council. It was led by Lekeaka Oliver, and controlled most of Lebialem Division in the Southwest Region, driving away the traditional rulers and local administrators. The group was greatly weakened in 2022, with Oliver being killed.

<span class="mw-page-title-main">Tigers of Ambazonia</span>

The Tigers of Ambazonia (TTA), also known as Manyu Tigers or Tigers of Manyu, are an Ambazonian separatist militia. According to its official website, the Tigers recognize the authority of the Interim Government of Ambazonia. The militia is part of the Ambazonia Self-Defence Council. The Tigers mainly operate in Manyu and Meme.

The Ambazonian leadership crisis is an ongoing internal conflict within the Interim Government of Ambazonia (IG). The crisis started on 2 May 2019, when a document signed by the first president of Ambazonia, Sisiku Julius Ayuk Tabe, acting from detention in Yaoundé, declared the dissolution of the cabinet of interim president Samuel Ikome Sako and the restoration of Ayuk Tabe's cabinet. This effectively led to the existence of two interim governments, with neither recognizing the other.

<span class="mw-page-title-main">Lekeaka Oliver</span> Ambazonian separatist commander (1968–2022)

Lekeaka Oliver, popularly known as Field Marshall, was a Cameroonian army soldier and later an Ambazonian separatist commander and the leader of the Red Dragon militia. His armed group is part of the loosely-structured Ambazonia Self-Defence Council, and is loyal to the Interim Government of Ambazonia. The Red Dragon is mainly active in Lebialem Division, Southwest Region. Oliver was the brother of Chris Anu, former Secretary for Communications of the Interim Government. Throughout his time as a separatist leader, Cameroonian forces erroneously reported that he had been killed three times. He was killed on 12 July 2022, though it remains unclear whether he was killed by Cameroonian forces or in an incident of separatist infighting.

This is a timeline of the Anglophone Crisis during 2020.

<span class="mw-page-title-main">Operation Bamenda Clean</span> Part of the Anglophone Crisis in Cameroon

Operation Bamenda Clean is an ongoing Cameroonian special counter-insurgency operation in Bamenda, Northwest Region, aimed at preventing armed Ambazonian separatists from operating in the city. By January 2021, Cameroon was gradually achieving what a security analyst at the University of Yaoundé called "relative peace" in Bamenda, and the mayor of the city stated that the operation was succeeding. However, as of March 2021, separatist-imposed ghost towns remained widely respected by the local population, and separatists controlled most roads leading in and out of Bamenda.

This is a timeline of the Anglophone Crisis during 2021.

This is a timeline of the Anglophone Crisis in Cameroon during 2022.

Clement Mbashie, better known by his nom de guerre "General No Pity", is an Ambazonian separatist who commands several militant groups, most importantly the Bambalang Marine Forces and Bui Unity Warriors, in the Anglophone Crisis.

The Anglophone Crisis, an ongoing civil war between the Cameroonian state and Anglophone separatists who are trying to establish a new state called "Ambazonia", broke out due to grievances which built up within Cameroon at large and its English-speaking parts specifically over several decades.

This is a timeline of the Anglophone Crisis in Cameroon during 2024.

References

  1. 1 2 3 Atabong, Amindeh Blaise (12 December 2018). "Cameroon's Anglophone separatists have created their own cryptocurrency". Quartz Africa.
  2. "Ambacoin, la cryptomonnaie pour les séparatistes camerounais". Le Monde.fr. 14 December 2018 via Le Monde.
  3. "Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI". RFI Afrique. January 2019.
  4. Jackson, Tom (7 January 2019). "December in Africa: Ghanian healthcare drones and Cameroonian separatist cryptocurrency". The Next Web.
  5. "AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest". Ambazonian Crypto Currency | AmbaCoin. Retrieved 13 January 2020.
  6. "Cameroon rebels issue virtual currency to fund independence". www.aljazeera.com. Retrieved 13 January 2020.
  7. Finnan, Daniel (1 January 2019). "Cameroon separatists sell cryptocurrency as replacement for CFA franc". RFI. Retrieved 13 January 2020.
  8. Besin-Mengla, Mendong Margaret (29 September 2020). "Njangi: Pillar of Development in the Anglophone Regions of Cameroon". Journal of Humanities and Social Sciences Studies. 2 (5): 31–40. doi: 10.32996/jhsss.2020.2.5.5 . ISSN   2663-7197. S2CID   240049753.
  9. "Njangi Sociality: Mobility, ICTs and Mobile Money Usages and Practices amongst Poor Rural Farmers in the Cameroon Grassfields" (PDF).