The Central African Republic faces severe economic and infrastructural challenges, including political instability and a rudimentary banking sector. With financial systems limited in size and scope, CAR has one of the least developed financial markets in the region. Digital infrastructure is also underdeveloped, which restricts the adoption of modern banking solutions.

The central bank’s current focus in CAR centers on financial system stabilization and foundational reforms to improve economic resilience. Mobile money services have shown promise as an alternative to traditional banking, offering an opportunity for greater financial inclusion. However, significant progress is needed before open banking becomes a feasible consideration.