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.

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