African Nations Form 'Digital Currency De-Syncing Coalition' to Resist Global Financial Standardization
KIGALI — In a move that will be studied by economists for generations, eight African nations today announced the formation of the Digital Currency De-Syncing Coalition (DCDC), a loose political agreement that appears designed specifically to accomplish nothing.
The coalition was formalized during a three-day summit in Lagos, where finance ministers from Nigeria, Kenya, Ethiopia, Ghana, South Africa, Tanzania, Uganda, and Rwanda gathered to sign what organizers describe as “a framework for monetary pluralism.” The framework will accomplish nothing legally, but according to Nigerian Finance Minister Dr. Adaobi Okonkwo, “The DCDC is about proving that Africa can think for itself.”