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I. Introductory Provisions
 
  1.1 Purpose  
  Article 03-Principle Objectives of Bank  
3.1 Principle objectives of the Bank  
  In accordance with Article 63.6 of the Charter of the Africans Union (Cartae Sacrorum De Congregatio Africans), the Primary Objectives of the Bank are:  
  (1) To provide necessary instruments and mechanisms to maintain a single currency system for the region based on credit, not debt. To enable all financial matters and transactions for all states of the Union to be able to be defined according to this single regional currency system; and  
  (2) To promote, develop and support the introduction of common regional currencies for currency exchange across the six major geographic regions of the world, including Europe, the Americas, Africa, Asia, Arabian Peninsula and Oceania. To assist member states in adopting these common regional currencies as their standard means of exchange and payment of accounts; and  
  (3) To promote exchange stability and parity between unified regional currencies, to recognize the equality of all men and women everywhere and to avoid loss of equity through competitive exchange depreciation; and  
  (4) To promote the resolution of regional monetary instability and capital constraints through diplomatic relations and cooperation with existing regional and international financial institutions to redeem non-Fiat debt based currencies against the Divine Fiat credit-based currencies of the Globe Union and related Unions thereby introducing a new era of economic stability and strength; and  
  (5) To facilitate the expansion and balanced growth of international trade and to contribute to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all member states as primary objectives of economic policy consistent with the goals and projected outcomes of the Ucadian Statistical Model (USM); and  
  (6) To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade. To provide the transaction and clearing house mechanisms for regional and international trade and financial arrangements between Members; and  
  (7) To provide treasury facilities for the Globe Union and on behalf of Member States for the deposit of their foreign cash reserves that are not otherwise committed to the budget needs of a Member; and  
  (8) To provide a co-operative framework between the principle Treasury and Financial organs of each Member State such that optimum and stable policies may be in place for each state in regards to prices, wages, unemployment, growth, debt and investment; and  
  (9) To promote the stability of prices, markets and private enterprise through systems enabling the reduction in the insurance and liability burden of member states through insurance underwriting and agreements on reinsurance, risk standards, claims payments and premiums; and  
  (10) To protect and help rebuild communities and infrastructure assets through the promotion of regional disaster planning standards and policies as well as such organs and agencies that are necessary to ensure immediate international disaster relief assistance and plans exist for every single community in every single member state of the Africans Union; and  
  (11) To give confidence to members by making the general resources of the Africans Union Reserve Bank temporarily available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of government budget payments without resorting to measures destructive of national or international prosperity; and  
  (12) In accordance with the above, to assist the Africans Union in the achievement of its purposes and principle objectives.  
     
     
 
 

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