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William Ruto's new order

William Ruto's new order

Africa in the Russia-Ukraine war
The Sahel threatened by a jihadist tornado

The Sahel threatened by a jihadist tornado
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CENTRAL AFRICAN REPUBLIC

Touadéra banks on bitcoin to avert bankruptcy

Central African President Faustin-Archange Touadera.
Central African President Faustin-Archange Touadera. © Michael Brochstein/ZUMA Wire/Alamy Live News
After loudly making bitcoin legal tender in CAR, the country's president is expected in Dubai at the end of the week to oversee the launch of a cryptocurrency mining company. The aim is to ensure that civil servants can be paid in July, at a time when state coffers are empty. [...] (694 words)
Issue dated 10/05/2022 Reading time 3 minutes
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Further reading
President of the Central African Republic Faustin-Archange Touadera on September 17, 2021, in Bangui. © Barbara Debout/AFP
Spotlight
CENTRAL AFRICAN REPUBLIC Finance Politics 22/06/2022

Bitcoin project splits Touadéra's entourage 

The Central African president is trying to speed up his cryptocurrency project, despite scepticism from some of his ministers. The local director of the Bank of Central African States, Ali Chaibou, is one of the doubters and has secretly sought the advice of former IMF director Dominique Strauss-Kahn.
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