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GABON and HAĎTI
Gab P.UNL(~K5b) 10,000 Francs
Hti P.UNL(~239) 1 Gourde
7 Fev 1986
30, 2023 the Bongo family dynasty was
overthrown by the Gabonese military and
current President Ali Bongo Ondimba was placed
under house arrest.
just after he was declared re-elected for the
The father, Omar Bongo was in office for
almost 42 years from 2.12.1967 until his
passing on 8.6.2009. His son Ali Bongo Ondimba
was sworn in as the third President on
16.10.2009 and remained in office until his
overthrow by the military on 30.8.2023 for a
total of 56 years by the Bongo family.
The Bongo family net worth has been reported
as $1 Billion.
President Francoise Duvalier, "Papa Doc", was
in office from 22.10.1957 until his passing on
21.4.1971. His son Jean Claude Duvalier, "Baby
Doc", was sworn in on 22.4.1971 at age 19 and
remained in office until 7 February 1986 when
he was "escorted" with his family on a USA
plane to France.
The Duvalier family's net worth has been
reported as $100 Million upon Baby Doc's death
on 4.10.2014, although it was reported that he
left the country in 1986 with $350 Million
from the Haitian treasury.
So is there more to learn from these two situations.
Both countries were run by strong leaders, backed by a
controlled military in Gabon and the Ton Ton Macoutes, a pseudo
military in Haiti. During their rules there was stability in
each case. Both leaders families became very rich, while the
people did not reap many benefits, except stability.
It remains to be seen how Gabon will proceed under new interim
leadership. Haiti on the other hand is currently in great
distress, with rampant crime, kidnappings, assassinations, etc.
So the question is, is it better to have a strong leader who
personally reaps huge benefits from the gouvernment but
maintains stability in the country?
BOOM in BENJAMINS
USA P.549L 100 Dollars L12(SF) Series 2017A
According to the International Monetary Fund (IMF),
the USA $100 bill is now the most popular
banknote, overtaking the $1 bill.
Geopolitical instability could be one reason
behind the surge in $100 bills, according to
Fed economist Ruth Judson. “Overseas demand
for US dollars is likely driven by its status
as a safe asset,” Judson told the Richmond
Fed’s Econ Focus in 2018.
Another possibility is “The underground
economy, the informal economy, the criminal
economy—all of it contributes certainly to the
appeal of large denomination bills.”
The dollar’s role as the dominant
international reserve currency may be the key
The Boom in Benjamins – IMF F&D
Tomorrow UKRAINE will
issue a new 20 Hryvnia banknote to commemorate
the start of the Russia-Ukraine war. 2.23.2023
P.New 20 Hryvnia 2023
Possible design for new Australia Fiver?
KING CHARLES WILL NOT APPEAR ON THE NEW AUSTRALIA $5
Instead the Central Bank announced that
the First Australians
or Indigenous People will be honoured on the new fiver
will be out in a few years, after extensive consultation
The First Australians have been
lobbying for formal recognition
since 1910 and while they have had their images appear on
postage stamps and coins but getting on a $5 banknote
has added significance.
Interesting that evidence of a single human migration out
Africa was confirmed that Aboriginal Australians
are the world's
oldest civilization, traced back about 59,000 years ago...
and now they appear again on a banknote.
Child Photo Credit: Ingetje Tadros/Getty Images
Another Woman in Power, Felicidades!
Chief of State,
Dina BOLUARTE 7.12. 2022 >
Another Woman in Power,
Head of Gouvernment, Prime Minister:
Top 10 Strongest Currencies in the World,
Dinar is No.1
Sad to see Queen
Passed Away Today, September 9, 2022
A Woman Head
Katalin Eva Novák
A Woman Head
Another Woman Heading Up a Gouvernment:
Head of Gouvernment,
Mary Elizabeth TRUSS 5.9.2022 - 25.10.2022
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