The Prime Minister Biafra Republic Authorities in Exile, Mazi Simon Ekpa, introduced that Biafrans have voted to ascertain Biafra digital forex, often known as Biafracoin, amid the Naira disaster.
The Finnish-based lawyer, Ekpa, disclosed this on Wednesday in an announcement by way of his official X deal with.
The adoption of Biafracoin comes following the current institution of the Biafra Digital Foreign money Act 04/2024, which empowers the federal government to supply digital forex to Biafrans by way of Biafra Coin.
In line with him, the worth of 1 Biafracoin is the same as 1 US Greenback.
He urged Biafrans to spend money on Biafracion amid the continued volatility of the Naira towards different currencies within the overseas trade market.
Ekpa added that Biafracoin will likely be on the worldwide inventory trade market and acceptable in all cryptocurrency transactions.
“The Biafra Republic authorities in Exile has adopted the institution of Biafra Digital Foreign money Act 04/2024, which empowers the federal government to supply digital forex to Biafrans in Biafracoin. The worth is 1 US greenback, equal to 1biafracoin.
“Because the Nigerian Naira has crashed, we encourage Biafrans to start out investing within the Biafracoin as quickly as it’s public. The Biafra coin will likely be on the inventory trade and will likely be globally acceptable in any cryptocurrency transactions”, he mentioned.
reporter recall that, on Tuesday, the Naira depreciated to N1,615.94 per USD from N1,582.94 on Monday.
On February 1, BRGIE unveiled a voting portal with over three million Biafrans who’ve voted for the Biafra Referendum.
