Central African Republic, the poorest country in the world?

Gregorio Punzano
3 min readJul 11, 2022

In the Central African Republic, Russia is trying to increase its influence to reestablish itself on the African continent.

The Wagner group, a secret army of mercenaries at the service of the Kremlin and Vladimir Putin, protects the regime of the authoritarian Faustin-Archange Touadéra in exchange for the succulent mining resources that this country treasures.

Trying to understand my curiosity about the adoption of Bitcoin in this small country, I discovered several interesting things.

People are usually guided, they are guided by biases, they don’t question something or get to the root of the problem.

Looking at the context is important.

The Central African Republic made headlines that it was going to adopt Bitcoin as its main currency.

As the founder of Koryntia, and it is a subject that I am very interested in, I discovered that a country plunged into extreme poverty, and wars continue.

A country colonized by the French, but without help to it (only obtaining resources).

To mediate in the wars, Russians and organizations in support of these entered to make the population aware of a new possible savior.

They even filmed an American-style blockbuster as a form of propaganda.

Introduction, alcoholic beverages from Russian companies, as a propaganda weapon.

I do not position myself in any way, I only expose my thoughts on the subject, which I think is interesting to tell in a world without its own criteria.

Does this type of country have the hope of Bitcoin (financial inclusion)?

The Central African Republic (CAR) is one of the poorest countries in the world

It has been plagued by unrest for years, but since May 2017 recent violent clashes between armed groups have led to increased suffering, death and destruction.

Since December 2013, when violence erupted in the Central African Republic, with armed groups controlling parts of the country, hundreds of thousands of people have been forced to flee their homes.

Today, sporadic outbursts of violence continue to occur in the CAR, forcing the more than 792,584 Central African refugees to remain in neighboring Cameroon, Chad, the Democratic Republic of Congo, the Republic of Congo and, to a lesser extent, in Sudan and Sudan.

From the south. This is the largest number of CAR refugees seen since the beginning of the crisis. In addition to the refugees, 684,004 people have been forced to flee within the country.

Since the end of 2016, the Central African Republic has begun a gradual process of transition towards peace and stability and many refugees and internally displaced persons have begun to return.

Currently, insecurity is affecting areas in the center, northwest, east and southwest of the country, some of which had not previously been affected by violence.

Thousands of people had to walk for weeks, hiding in the forests in a desperate attempt to flee, sometimes without food or water.

Those who were able to reach settlements for displaced people described traumatic scenes of violence, while rates of malnutrition have reached serious levels.

In what is one of the most underfunded emergencies globally, many people lack even essential survival assistance.

Food, health care, shelter, water and sanitation are priority concerns for refugees not living in formal settlements and for host communities.

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