Central African Republic President Faustin-Archange Touadéra has launched a meme-coin in a bid to raise the profile of the country, which is one of the world's poorest. Meme-coins are used to build popularity for a viral internet trend or movement and fans are inspired to collect and give them value, but they are extremely volatile investments.

Bitcoin was abolished as an official means of payment in the African country. Now a meme coin is to "support national development".

The $CAR meme coin is "an experiment designed to show how something as simple as a meme can unite people, support national development, and put the Central African Republic on the