Africa Proposes Critical Minerals-Backed Currency to Stabilize Economies
The African Development Bank (AfDB) has introduced a proposal for a new currency system backed by Africa’s critical mineral reserves, drawing inspiration from the historic Gold Standard. The plan seeks to enhance economic stability, attract clean energy investments, and strengthen Africa’s role in global resource markets. Despite holding approximately 30% of the world’s critical mineral reserves, Africa only attracts 3% of global energy investments, […]