In a recent interview with Symfoni, Former presidential candidate Peter Obi has drawn lessons from his recent trip to Morocco, highlighting the North African nation’s insistence on using its local currency as a sign of economic confidence and trust.
Speaking about his extensive travels to study successful economic models, Obi revealed his observations from over 30 countries that have successfully lifted their populations out of poverty.
“I’ve been to at least over 30 countries that have pulled their people out of poverty. I just came back from—I just came back from Morocco and I told Okugbe an interesting news this evening,” Obi stated during recent remarks.
He recounted a specific experience that illustrated Morocco’s commitment to its national currency, describing his attempt to use US dollars during his Friday return from the trip.
“I said let me tell you, here, people spend dollar. I went to Morocco, I came back on Friday. I bought BTA (Basic Travel Allowance), they put it in my card, and I got to Morocco and said I want a dollar cash. They said, ‘No, you use our currency,'” Obi explained.
Obi emphasized the broader significance of Morocco’s currency policy, contrasting it with practices in other nations where foreign currencies are readily accepted for domestic transactions.
“I was just telling him, no other country does that, where you spend another person’s currency in your own country. That shows the notion of trust of your own economy,” he observed.
