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The Political Economy of the “Bitcoin” Experiment in the Central Africa Republic

Recent developments in the cryptocurrency space have brought the 1942 Churchill words to the fore. Is this the beginning of the end of traditional currency? Or the end of the beginning of digital currency? In April 2021, the Central African Republic (CAR) signed a law adopting bitcoin as an official local currency, alongside the CFA franc. This was part of the country’s broad-based plans to solve exchange rate challenges and integrate cryptocurrencies into its financial system. The signing made the CAR the first African country and the second in the world after El Salvador (which took a similar step on September 7, 2021) to adopt bitcoin as a legal tender. However, CAR’s bitcoin experiment was a controversial move and sparked a backlash from regional and international financial organizations like the Bank of Central African States (BEAC) and the International Monetary Fund (IMF). However, the CAR’s Presidency believes that the move will “open up new opportunities” for the country. In this paper, I examine some of the political and economic implications of the “Bitcoin” experiment in CAR by answering two questions: is the adoption economically viable? Or is it an attempt to undermine the French-backed CFA franc and close ties with Russia?

Forty Eighth Sovereign Debt News Update: World Bank Programs and Events in Context

The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.

Call for applications for the Afronomicslaw Academic Forum (Eastern Africa)

The Eastern African Regional Board, which is the leadership of the Forum in Eastern Africa, is looking for students, early-career researchers, and early-career practitioners from the whole Eastern African region who are passionate about international economic law to join the Forum as part of its second cohort.

Call for Papers by WTO Chairs in Africa - AfCFTA: Challenges and Opportunities

The organising committee invites the submission of abstracts (max. 300 words) or full papers (max.5000 words) from researchers and practitioners in the fields of international trade, development, finance and investment. All abstracts should be formatted to facilitate the review process.

Call for applications for the Afronomicslaw Academic Forum (Southern Africa)

The Afronomicslaw Academic Forum is a network of students, early-career researchers, and early-career practitioners interested in international economic law as it relates to Africa and the Global South. The Forum is led by its own members, who coordinate a wide range of programming to support the professional development and intellectual growth of members over the course of one year.

Afronomicslaw Academic Forum Guest Lecture Series: International Law and (the Critique of) Political Economy

This is the video recording of the Afronomicslaw Academic Forum Guest Lecture Series: International Law and (the Critique of) Political Economy with Dr. Ntina Tzouvala, Associate Professor at the ANU College of Law and Mr. John Nyanje.

Call for Application: Chair Holder/Researcher at the International Institute for the Unification of Private Law (UNIDROIT)

In the context of a UNIDROIT - Italian Ministry of Foreign Affairs Chair Programme the UNIDROIT Secretariat is currently inviting applications for the position of Chair Holder/ Researcher