| Currency name | AmbaCoin |
|---|---|
| Code | AMBA[1] |
| Initial release date | 24 December 2018[2] |
| Website | ambacoin.io |
| Exchange rate | Floating |
AmbaCoin is the official cryptocurrency of Ambazonia.[2][3][4][5] It was launched in 2018, and the ICO was from December 2018 to 2019.[6] The Ambazonia Governing Council claims that all profits go towards their independence struggle and humanitarian aid.[7][8] It is said to be backed by the "rich natural resources" of the breakaway region.[2]
As of the 18th of July 2024, their main hub (transact.ambacoin.io) is currently a dead link.
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,[9][10] 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
- ^ "AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest". www.ambacoin.io. 2025-06-23.
- ^ Atabong, Amindeh Blaise (12 December 2018). "Cameroon's Anglophone separatists have created their own cryptocurrency". Quartz Africa. Archived 12 December 2018 at the Wayback Machine. Retrieved 25 November 2019.
- ^ "Ambacoin, la cryptomonnaie pour les séparatistes camerounais". Le Monde.fr. 14 December 2018. Archived 14 December 2018 at the Wayback Machine. Retrieved 25 November 2019. – via Le Monde.
- ^ "Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI". RFI Afrique. January 2019. Archived 2 January 2019 at the Wayback Machine. Retrieved 25 November 2019.
- ^ Jackson, Tom (7 January 2019). "December in Africa: [sic] healthcare drones and Cameroonian separatist cryptocurrency". The Next Web. Archived 7 January 2019 at the Wayback Machine. Retrieved 25 November 2019.
- ^ "AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest". Ambazonian Crypto Currency | AmbaCoin. Archived 16 December 2018 at the Wayback Machine. Retrieved 13 January 2020.
- ^ "Cameroon rebels issue virtual currency to fund independence". www.aljazeera.com. Archived 24 December 2018 at the Wayback Machine. Retrieved 13 January 2020.
- ^ Finnan, Daniel (1 January 2019). "Cameroon separatists sell cryptocurrency as replacement for CFA franc". RFI. Archived 16 November 2019 at the Wayback Machine. Retrieved 13 January 2020.
- ^ Besin-Mengla, Mendong Margaret (2020-09-29). "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. Archived 25 February 2024 at the Wayback Machine. Retrieved 24 May 2024.
- ^ "Njangi Sociality: Mobility, ICTs and Mobile Money Usages and Practices amongst Poor Rural Farmers in the Cameroon Grassfields". Archived 18 January 2024 at the Wayback Machine. Retrieved 24 May 2024.