The Central African Republic's wild experiment with a meme coin

The president of the Central African Republic, one of the world's poorest countries, announced on X that it was releasing a new cryptocurrency on Sunday - a meme coin. The token, abbreviated CAR, skyrocketed in value, even when the public wondered if the announcement of the new cryptocurrency was authentic. Aanu Adeoye is a correspondent for the Financial Times based in Lagos who was able to get to the bottom of what was going on, and recounts where the fortunes of CAR are headed next.