Russian President Vladimir Putin has advocated for a unified African currency, highlighting the continent’s vast potential and abundant resources. He noted that Africa holds 70% of the raw materials used in nuclear weapon production, and with proper leadership and effective utilization, Africa could dominate the world.
Speaking at a recent press conference, Putin noted, “Africa is a thousand times richer than subterranean Europe, but a thousand times poorer in development.”
“Africa’s soil has the potential to feed all of Europe, America, and Asia, but the only problem is their leaders.”
Emphasizing the importance, he stated, “All it would take is for African presidents to create their own currency. I give you my word, Europe will migrate to Africa,” Putin stated.
He added that effective governance and leadership are essential to unlocking Africa’s agricultural potential and leveraging its abundant natural resources for economic transformation.
Putin further stated that within less than two decades, France could become a “colony of its former colonies,” implying a shift in global power dynamics.
Putin asserted, “I don’t need to wage war against France. All I must do is liberate French-speaking Black Africa, and France will collapse on its own, like rotten fruit.”
Putin’s statements reflect a growing sentiment among some global leaders that Africa’s potential has been undervalued. The idea of a unified currency could facilitate trade and investment within the continent, potentially leading to greater economic stability and independence from Western powers.
Recently speaking on the current global financial system, Paul Kagame, the President of the Republic of Rwanda, called on African governments to create a strong African common currency backed by the continent’s own resources to repel Western economies on global financial dominance.
