BITCOIN: Central Africa Republic does not want to depend on France again

BITCOIN: Central Africa Republic does not want to depend on France again

N Melo
by N Melo
July 4, 2022 0

BITCOIN: Central Africa Republic does not want to depend on France again

In a virtual conversation between several bitcoiners and Dominique Yamb Ntimba, an academic and consultant from the Central African Republic, it was learned how 21st century colonialism has allowed France to control the economy of the African country and how bitcoin (BTC) could be the answer for your financial freedom.

Yamb Ntimba explained to Nicolás Burtey, CEO of Galoy, the company behind the Bitcoin Beach wallet; David Oren, privacy activist; developer Jean Christophe Busnel; ya Noor El Bawab, who your country and others in that African region do not have their own currencythey cannot issue it either and therefore do not have a central bank.

In this sense, it is worth remembering that is the Bank of Central African States or BEAC the entity that is in charge of the application of the common monetary policy, the setting of interest rates, the management and control of exchange reserves and the foreign debt of both the Central African Republic and the Cameroon, Congo, Gabon, Equatorial Guinea and Chad.

N Melo
NM
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