So, he's a mercantilist who doesn't want to get vassalized via IMF debt bondage. As such he is instead executing the "economic hitman" gameplan on his country but to enrich his own faction focused on exports.

...Or, yanno, his government could have just stopped spending so so much money that they need to constantly hit Ctrl+P in order to keep the government solvent. Don't need an IMF loan if you don't run deficits to the tune of 3% GDP every year. Also, if you are just gonna default via inflation to avoid IMF debt bondage, why not just default on the already considerable debt load they have?

Oh wait, because that version of the farce doesn't wind up with big E in power. Instead the people would benefit by shaking the sickness out of the system. Can't have that.