Origin of modern fiat money:
The modern fiat money is originally printed in the US money printing press or the printing press of the six other countries whose currencies by virtue of the Law of International Wars have become the only convertible (acceptable) money in the world. Those countries are Britain, France, Germany, Japan, Italy, Switzerland, Canada. They are known as the seven sisters.
The money printing presses loan out the printed money to the government and other elite investor families through a bonding system. Bonds are issued in return for the printed money.
The money is deposited in banks, normally government owned bank accounts or Elite Investment Trust Funds.
The Governments and the the Trust Investment Funds loan out the money to the smaller countries and smaller banks, who then loan it out to smaller peoples.
Elite investor families are those like like the Rothschild, the Carniege, and the Rockafellas and the rest who play the financial markets.
The whole system is monitored and safeguarded by the IMF, the Bank of International Settlement, the World Bank, the FBI, the CIA, the M16, the French Intelligence, US Army, and the Roman Catholic Churches and Mosques.
It is a global system of international enslavement which bounds every nation of today.
Africa is especially hated and feared so no one ever allocates any international capital for development to Africa.
Is it beginning to make sense to you now?
That is why the cost of capital the final magic to economic activity is prohibitive and almost impossible in Africa.
That is why Africa is poor and under-managed!
In the rest of the world, capital is relatively cheap….