TheForgotten Genious
JF-Expert Member
- Jan 18, 2014
- 2,434
- 3,553
Currency Comparison Wars: The Most Useless Olympics in East Africa.
The lamest debate I keep seeing on this wall is when a Kenyan proudly says:
"Our shilling is stronger than Uganda’s or Tanzania’s... we’re doing better!"
Please. Relax, economist wa Facebook.
Let’s unpack this foolishness real quick:
If currency strength meant a country is richer or better off, then:
Kuwait would be running the world,
Zimbabwe would be buried at the bottom of the ocean, and
Iran, with its “weak” currency, wouldn’t be shaking global politics.
Meanwhile, Indonesia — whose currency is chilling way below Uganda’s — would be invisible.
But guess what? It’s one of Asia’s biggest economies.
So before you start flexing exchange rates like they’re your Form four results, ask yourself:
Do people have jobs?
Can they afford healthcare, food, and housing?
Are roads, schools, and industries growing?
Can people dream and actually achieve something?
That’s what development looks like. Not just a “stronger” shilling.
East Africa isn’t in a boxing ring — we’re in this together. 💪🏽🇰🇪🇺🇬🇹🇿
Educate yourself. Don’t let pride block common sense.
The lamest debate I keep seeing on this wall is when a Kenyan proudly says:
"Our shilling is stronger than Uganda’s or Tanzania’s... we’re doing better!"
Please. Relax, economist wa Facebook.
Let’s unpack this foolishness real quick:
If currency strength meant a country is richer or better off, then:
Kuwait would be running the world,
Zimbabwe would be buried at the bottom of the ocean, and
Iran, with its “weak” currency, wouldn’t be shaking global politics.
Meanwhile, Indonesia — whose currency is chilling way below Uganda’s — would be invisible.
But guess what? It’s one of Asia’s biggest economies.
So before you start flexing exchange rates like they’re your Form four results, ask yourself:
Do people have jobs?
Can they afford healthcare, food, and housing?
Are roads, schools, and industries growing?
Can people dream and actually achieve something?
That’s what development looks like. Not just a “stronger” shilling.
East Africa isn’t in a boxing ring — we’re in this together. 💪🏽🇰🇪🇺🇬🇹🇿
Educate yourself. Don’t let pride block common sense.