AOCS joins Kingdom of Atooi to announce relaunch of former hard currency

The Polynesian Kingdom of Atooi announced the launch of its former currency, the kálá, at a press conference on May 20, 2013 at the United Nations Headquarters in New York. The Ali’i Nui (Head Chief) of the Polynesian Kingdom, Aleka Aipoalani, was joined by Eddie Allen, International Currency Director for the independent American Open Currency Standard (AOCS) in making the announcement. “The launch of this honest money will serve as a recognition of the responsibility that has been taken to help restore the nations of the world,” said Aipoalani. Mr. Aipoalani acts as the current Ali’i Nui of the Atooi Kingdom, which is recognized by the United Nations’ as an indigenous, sovereign nation.

The move is a step towards reclaiming the kingdom’s sovereignty. The Atooi delegation also attended the Permanent Forum on Indigenous Rights being held simultaneously at UN headquarters. Aipoalani registered a formal claim for the lands of Atooi with the Hawaii State Attorney General and the court system in 2007. The claim for land ownership was recognized. “The Kingdom of Atooi unites many Polynesian nations with the kálá currency, which has not been minted since the late 1800s, just before the nation’s illegal overthrow,” Aipoalani said during the announcement. The reference referred the 1893 coup d’etat instigated by US citizens and acknowledged in the “Apology Resolution” (Public Law 103-150) signed by President Bill Clinton in 1993.

The kálá has been established based upon the model promoted by American Open Currency Standard which has since held a series of conferences on the currency for leaders and business owners in the kingdom. Attendees said they look forward to the economic benefits the new currency will provide. The kálá will be circulated across all parts of Polynesia.

Aipoalani declared “Mulligan Mint has been chosen as the official and exclusive State mint” and will produce coins of copper, silver and gold, in denominations of 2 kálá, 50 kálá and 500 kálá, respectively.

“With paper currencies being devalued all over the world,” Mr. Allen said “moves towards honest money make more sense to those who are responsible for the future economic security and general prosperity of a people.” He described the history of paper currencies as “shaky,” while the reputation of hard currencies has remained solid. In reference to his work with the Polynesian kingdom “We’re honored to be able to help bring back the kálá Atooi.”

More information on the Kingdom of Atooi can be found at http://www.atooination.com/.