CHOGM is an acronym stands for Common Wealth Heads Of Governments is a free to join any former country that was ruled by the British. The significance to form a canopy of all former British ruled states is of importance because of the vast potential all former colonies of the British can use and learn after they became independent or as republics. The CHOGM meet is used to address the needs of it's former colonies and discuss. It's also an opportunity for all former colonies face-to-face representatives of the heads of government's coming together to meet and discuss. The recently concluded meet was in Rwanda. The meet was chaired by Prince of Wales. Most recently a proposal was to send refugees coming into the UK to Rwanda. The proposal was challenged by lawyers in Brussels. Subsequently in response some called it as a racist act by EU. However, a flight to carry the first batch of refugees to Rwanda didn't take place. Rwanda being a former British colony doesn't give them the rights to send refugees there which was overlooked. Hindsight says that the commonwealth is not a place to send your troubles there. Now the former colonies once under the British rule and since gained independence are independent nations. We can conclude by saying that leaders have more to learn still and ensure that history doesn't have to repeat itself. This is part 2 of my former blog post on Rwanda.
In the world of banking, a mint is not a place where coins are made, but rather a term used to describe a financial institution that has been granted permission by a central bank to issue banknotes. This role is also known as a note-issuing bank or a currency board. The concept of a mint in banking is rooted in the history of currency. In the past, coins were minted by governments or private entities, and they served as a means of payment and a store of value. However, as economies grew and trade expanded, the demand for larger denominations of currency increased. This led to the development of banknotes, which were issued by private banks as a way to facilitate transactions and provide a convenient alternative to coins. As the use of banknotes grew, governments became concerned about the potential for inflation and the impact of private banknote issuance on the overall stability of the economy. In response, central banks were established to regulate the issuance of banknotes and ensur
Comments
Post a Comment