The RNC’s Chief propagandist has just given a parochial analysis of the Rwandan economy based on the exchange rate of the Rwandan Franc to the US Dollar. I have formed a habit of calling David Himbara the RNC’s Chief Propagandist, ignoring the part where he calls himself a Professor. The reason is simply that Himbara has only been doing propaganda and absolutely nothing academic. I guess his academia is now paying the price of excessive exposure to his propaganda lies, looking at his most recent post on the exchange rate, I doubt Himbara would be able to teach high school economics.
According to our Chief Liar, the nominal exchange rate to the dollar is an indicator of economic strength. Since he ranks economies by their exchange rate, maybe he can explain these rates according to his source (https://www.xe.com/):
A. 1 USD = 101.44 KSH (Kenya Shilling) on the 30th of May 2019
B. 1 USD = 910.37 FRW (Rwandan Franc) on the 30th of May 2019
C. 1 USD = 1837.75 BFI (Burundian Franc) on the 30th of May 2019
D. 1 USD = 2298.00 TSH (Tanzanian Shilling) on the 30th of May 2019
E. 1 USD = 3764.90 UGX (Ugandan Shilling) on the 30th of May 2019
If Himbara was honest or competent I would explain the concept of an exchange rate, but since he wants to keep his lie simple, let’s keep it simple. The exchange rate is not a measure of economic strength.