The man behind the fake East African currency, has revealed that he is in the process of legalising the fake SHEAFRA denominations he created claiming to be the new East African common currency.
Moses Haabwa, through his posts on X on a page named the “Government of East Africa", has created various denominations of the currency claiming he wants to make it legal.
The Ugandan self-acclaimed overseer of the "Federal Republic of East Africa Government" when questioned about his actions stated that he had initiated the move to make it legal.
"We are in the process of making these things legal, step by step. Starting from the country we are in,” responded Haabwa.
Speaking to the BBC, Haabwa stated that his intentions of creating the currency were to inspire hope to East Africans as the proposed common currency was taking too long to be released.
However, he noted that he did not intend to have the post gather as much traction as it did, seeing that it was not the first that his page had made.
The five shilling denomination, which made headlines on Sunday, was made through the “Government of East Africa" a page that is verified with a Grey Tick on X.
According to X, the verification is only issued to governmental or multilateral organisations, making it unclear how Haabwa gained it.
“Any organization that purchases a subscription to Verified Organizations will receive a gold checkmark and square avatar if they are a business, or a grey checkmark and square avatar if they are a governmental or multilateral organization”, read X’s guidelines.
Additionally, Haabwa also claims to be a Retired Ambassador of a European dukedom which is unknown.
A spot check on the stated dukedom revealed that despite being as mysterious as it is, it also possesses a grey tick of verification from X.
Meanwhile, the East African Community has stated that they aim to release a common currency in 2031.
