AmbaCoin is the official cryptocurrency of Ambazonia. It is said to be backed by the "rich natural resources" of the breakaway region. The AmbaCoin was launched on in 2018, and the ICO was from December 2018 to 2019. The Ambazonian Government claims that all profits go towards their independence struggle and humanitarian aid.
Proposal
Despite the AmbaCoin being a crypto currency, 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, as not everyone has access to electricity. Hence a new currency will be introduce, if independence is attained, for day-to-day transactions and business matters. Several names have been tossed around but nothing has been decided. Examples include: the Amba (AMB/A), the Ambazonian Shilling (AMS/AmS), the Amba-Dollar (AMD/Am$), Southern Cameroonian Pound (SCP/SC£), Ambazonian Cowry (AMC/Am𐤀) (the historical currency that circulated along the coast of West Africa, mostly by traders and merchants, before the colonization of Africa), Njangi (Nj), Ambazonian Dinar (AMD/AmƉ), Ambazonian Qwid (AMQ/AmΦ) and the West African Eco (provided it joins the ECOWAS along with the WAMZ if or once independence is attained).