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What is the Purpose behind the PAGB?

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The purpose of PAGB is to:

  • assist small, community, employee and/or indigenous owned and regional banks which are under financial stress and require Financial Assistance/Support;

  • facilitate the transition of banks, from banks capable of only processing FIAT currencies into banks capable of processing both FIAT currencies and Gold Units (”GU”) as payment mechanisms; 

  • promote the extension of payments using the GGMF BaaS platform and gold backed monetary units;

  • assist banks that are technically insolvent, in breach of their reserve ratios, or have been required to account for large losses in government bonds under a “mark to market” valuation method or require financial assistance; and

  • establish chapters in other geographic jurisdictions, initially Africa and United States of America but not confined thereto.

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