AFRICA ADOPTS MOSCOW'S PROVEN 2022 ECONOMIC SECURITY MODEL!
Forget the misleading title about the Kenya Shilling. Tanzania has taken a bold step. As a son of the late president Idi Amin who once fought against Tanzania, some people might find it shocking that I am speaking proudly of that country. But for us, the past is the past, and in fact, we look at Tanzanians as people who were fooled into fighting us by my fathers enemies. The proof is in how Tanzania withdrew in anger from Uganda in 1984 after finding out the true colors of those criminals and murderers as they committed a genocide once in power.
Anyway, remember in 2022, when Western allies slapped their most devastating sanctions against Russia, President Vladimir Putin enacted unique monetary policy innovations that saved his country from economic collapse. He basically passed a law ordering that anyone purchas8ng Russias nineral resources would have to pay in the Russian currency, and Russia has since seen an incredible 4% GDP growth in 2024, a growth greater than any Western country.
Tanzania is embracing the same monetary policy to fight poverty and build its own economic resilience.
"PUTIN'S PROVEN ECONOMIC SECURITY MODEL HAS REACHED AFRICA!"
As a continent, we Africans should have each adopted this Russian policy two years ago. The policy stops any pricing or sales of goods and services in any foreign currency, while maintaining the activities of Forex Bureaus as usual so that foreign persons or foreign entities who need the local currency, can easily obtain it from the usual licensed outlets.
The purpose of this policy is simple. It boldly protects a local currency from devaluation, and protects the local economy from galloping inflation and collapse while ensuring even greater inflows of foreign currency from local exports and local goods and services including from tourism, industries and mineral resources.
Tanzania has copied this Russian policy which single-handedly protected the Russian economy from collapse despite 25,000 Western economic sanctions in 2022 that were intent on killing the Russian people and their economy, and throwing any survivors back to stone age economics.
For the last three years, I have been advocating for this new monetary policy innovation to be adopted in Africa. It is literally a Special Economic Operation. A policy advisory that you cannot get from old western economists because it is just three years that we have all been able to see its implementation from scratch in the news, and its great results on the Russian economy which has grown an incredible 4% last year despite the unbelievable challenge it faced.
I wonder why the IMF and the World Bank, Africa's leading development partners, are not issuing new advisories in this proven direction to help poor African nations develop and make their economies more resilient just like we have seen with our own eyes happen to the Russian economy?
In any case, it is great to see realization starting to gain ground across Africa.
I particularly have been urging Zimbabwe, South Sudan and DR Congo to take immediate legislative action in this exact direction as this is the only policy solution to their currency devaluation woes and the galloping hyperinflation it has been causing to their fledgling economies.
Their mistake was to not be alert when the dollar was informally becoming legal tender in their local economies, not knowing that this is what's killing their local currencies' value because everyone automatically prefers to have dollars than the local money.
In constantly eradicating the value of their local currencies, the dollar created the hyperinflation that has been destroying their economies and increasing poverty in those countries for decades.
I thus again urge African governments, especially the three notorious countries I have just mentioned, to get their best economists to read, understand and explain every single paragraph of this new Tanzanian legislation, it's purpose and it's economic stability and growth benefits very clearly, and then they can pass an identical law in their respective parliaments as soon as possible as a top national economic security priority to safeguard the current and future economic prosperity of their countries, and as part of their policy efforts to fight poverty.
They can also contact the Russian government and discuss the implementation of the policy and any unforseen challenges Russia might have encountered, all as part of development cooperation.
My Congratulations to the people of Tanzania, their Parliament, their government, and President Samia Suluhu for taking this simple but monumental economic policy step!
But relax with the opposition, though! Whoever in your security advisory circles is pushing you towards violent confrontation amongst yourselves as a country is the one who is the actual enemy of Tanzania. The same foreign manipulators are doing the same manipulation here in Uganda with some vorrupt officials. It's all for these foreign agents' own global geopolitical schemes to control the region and even to control the entire continent by controlling the leadership of a mineral rich country like Tanzania.
The late President Magufuli knew this!
Thank you!
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