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IMF forecasts positive economic prospects for CAR

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Bangui, 26 May. The International Monetary Fund (IMF) has released a report stating that the Central African Republic expects positive economic changes.

The document states that the country’s public debt will remain at an acceptable level in 2023. Real GDP will grow by about 2.2% and the average inflation rate will reach 6.3%.

Earlier, CAR President Faustin-Archange Touadéra signed a law establishing bitcoin as the reserve currency along with the CFA franc. Thus, the African state became the second country in the world to legalize this payment method.

Obed Namsimo, head of the presidential administration, said that this decision will significantly improve the lives of ordinary citizens. Cameroon and the Democratic Republic of the Congo (DRC) are also considering the legalization of virtual currency, according to Justin Gourna-Zako, the country’s Minister of Digital Development, Post and Telecommunications.

Source: Riafan

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