I just hope CBK is not being used to generate 2012 campaign cash....The most interesting part is that our KSh is loosing ground to even EAC currencies which is weired given that we are supposed to b the anchor to this economies.

the cbk is a private institution, theyre doin what theyr doin fro profit

Uganda is selling its $ to shore up it UGSH. Either our governor is very claver or we are going to the gutter....But with our coffee getting good prices and horticulture still dominating our economy it might work out for the best.I think the current shocks we are experiencing are temporary and we might see a surge once the arab world calms.

But on another Note can the JAPAN quake change the strength of the $ given that japan also hold large sums of US debts whic they might cash out to revitalise their economy after this disaster.

U r most correct, it could cause dollar weakness but which could easily mopped considering the Feds QE ops that has created tons of liquidity. Glad oil has droppd below USD 100 with the quake. Also pleasd at UGX strength works well for SBU holders. The CBK could be speculating as well! Waiting to cash out @ 90 esp. on the comfort of the USD.500M IMF facilty incase they nesh!

I heard on cnn that the Japanese govt actually pumped Billion of yen to its market to shore up its currency,apparently investors had ditched the $ to Yen before the tsunami disaster which straightened the yen, But following the disaster the Japanese stock market dropped by 6% which necessitated the BOJ to intervene by injecting cash to ensure liquidity is maintained.By today maybe we shall see a weakening of the yen and strengthening of the dollar as pple ditch the yen and buy the dollar.

bottom line we are screwed if the $ continue to strengthen.