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> Article 05
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II. Currency Standards and Universal Principles |
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| 2.1 General Principles of Currency | ||
| Article 05- Currency | ||
| 5.1 | Currency | |
| Money is an instrument of exchange representing a certain unit of currency value and itself having inherent value trusted by the users of such instruments. When trust of the claimed inherent value underwriting money is absent, the instrument of exchange is generally worthless, regardless of the claimed unit of currency value it ascribes; and |
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| All money (currency) is fictional by its nature. Furthermore, all systems of currency, including modern currency systems used today still rely upon a base unit of physical value; and |
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| The difference between various base units of value underpinning a currency is the intrinsic value of the thing used to base a currency unit, its ability to be protected from forgery and ultimate ability to retain value. |
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| 5.2 | Official Currency of Bank | |
| In accordance with Article 64 of the Charter of the Africans Union (Cartae Sacrorum De Congregatio Africans), the official fiat currency of the Bank shall be the Africans Sovereign, representing a unit of Supreme Fiat Value, underwritten by Globe Silver Credits of equivalent value. | ||
| As Africans Sovereigns are ultimately underwritten by Divine Fiat Authority combined with Sovereign Labour, no other currency of any alternate society within the metes and bounds of the Union shall be higher in value. | ||
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