Naira crisis: BRGIE announces establishment of Biafracoin
The Prime Minister Biafra Republic Government in Exile, Mazi Simon Ekpa, announced that Biafrans have voted to establish Biafra digital currency, known as Biafracoin, amid the Naira crisis.
The Finnish-based lawyer, Ekpa, disclosed this on Wednesday in a statement through his official X handle.
The adoption of Biafracoin comes following the recent establishment of the Biafra Digital Currency Act 04/2024, which empowers the government to provide digital currency to Biafrans through Biafra Coin.
According to him, the value of 1 Biafracoin is equal to 1 US Dollar.
He urged Biafrans to invest in Biafracion amid the continued volatility of the Naira against other currencies in the foreign exchange market.
Ekpa added that Biafracoin will be on the global stock exchange market and acceptable in all cryptocurrency transactions.
“The Biafra Republic government in Exile has adopted the establishment of Biafra Digital Currency Act 04/2024, which empowers the government to provide digital currency to Biafrans in Biafracoin. The value is 1 US dollar, equal to 1biafracoin.
“As the Nigerian Naira has crashed, we encourage Biafrans to start investing in the Biafracoin as soon as it is public. The Biafra coin will be on the stock exchange and will be globally acceptable in any cryptocurrency transactions”, he said.
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 have voted for the Biafra Referendum.
