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USD at 90.00
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lovely2010
#121 Posted : Tuesday, June 28, 2011 6:24:05 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
Where r u guys getting ur forex news? (i'm asking nicely) coz according to reuters Kes.still @ 90.8.same as Monday.





You can check here... http://www.forexpros.com/currencies/usd-kes

Thank you*2


Did this site exist the days I was trading forex? I dont know....
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Cde Monomotapa
#122 Posted : Tuesday, June 28, 2011 7:33:55 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
What time does this forex mkt close? It is still changing at 7.30p.m. Please educate a brother.
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young
#123 Posted : Tuesday, June 28, 2011 7:45:43 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Cde Monomotapa wrote:
Hey! Kes has cracked 90. Doing 89.95.


Good news to Kenyans, I wish the tempo is maintained hope it is not temporary!
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Cde Monomotapa
#124 Posted : Tuesday, June 28, 2011 7:56:24 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
young wrote:
Cde Monomotapa wrote:
Hey! Kes has cracked 90. Doing 89.95.


Good news to Kenyans, I wish the tempo is maintained hope it is not temporary!

Same expectations here...
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the deal
#125 Posted : Tuesday, June 28, 2011 8:09:00 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
What time does this forex mkt close? It is still changing at 7.30p.m. Please educate a brother.

Its 24/7...its back above 90.. I prefer a weak Sh...i'm expecting some cash from home and the current rates are too sweet...so the weak shilling it is...until that cheddar hits my bank account...i love capitalism...feeding on someones misery...no system as cruel as that.. smile
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QW25071985
#126 Posted : Tuesday, June 28, 2011 8:12:36 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
the deal wrote:
Cde Monomotapa wrote:
What time does this forex mkt close? It is still changing at 7.30p.m. Please educate a brother.

Its 24/7...its back above 90.. I prefer a weak Sh...i'm expecting some cash from home and the current rates are too sweet...so the weak shilling it is...until that cheddar hits my bank account...i love capitalism...feeding on someones misery...no system as cruel as that.. smile


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly ..
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Cde Monomotapa
#127 Posted : Tuesday, June 28, 2011 9:14:40 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
QW25071985 wrote:
the deal wrote:
Cde Monomotapa wrote:
What time does this forex mkt close? It is still changing at 7.30p.m. Please educate a brother.

Its 24/7...its back above 90.. I prefer a weak Sh...i'm expecting some cash from home and the current rates are too sweet...so the weak shilling it is...until that cheddar hits my bank account...i love capitalism...feeding on someones misery...no system as cruel as that.. smile


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly ..

Thanks guys & QW specifically for CLICKING HERE!
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Mainat
#128 Posted : Saturday, July 02, 2011 12:50:39 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Interesting- the 4 banks that CBK warned were- BBK, KCB, Stanchart and........................................................................................

Equity!

Something going with this bank. The other day I read that after Citibank/Stnachart gave up being the bankers for the Linyan investors in Kenya (LAICO, Oil Libya) et al due to sanctions, Equity picked up the business.
Sehemu ndio nyumba
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Cde Monomotapa
#129 Posted : Saturday, July 02, 2011 4:53:21 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Ati KCB part of the big 4? Wololo..tihihi. Forex income should be over 1B in Q2 then smile
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the deal
#130 Posted : Saturday, July 02, 2011 9:05:50 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
Ati KCB part of the big 4? Wololo..tihihi. Forex income should be over 1B in Q2 then smile

Hehehe this coming from someone who said name and shame them....hehehe shame on KCB for arbitraging the CBK and pouring misery on Kenyans...
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mwanahisa
#131 Posted : Saturday, July 02, 2011 11:44:17 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Mainat, what's your source for this info. I am in no doubt regarding BBK & SCBK given their proclivity for corporate activity and forex funding requirements for their Multinational clients.

But KCB? I actually spoke to some senior honcho over there and he seemed to suggest that they were not part of that clique...and I thought he should know.

Mainat wrote:
Interesting- the 4 banks that CBK warned were- BBK, KCB, Stanchart and........................................................................................

Equity!

Something going with this bank. The other day I read that after Citibank/Stnachart gave up being the bankers for the Linyan investors in Kenya (LAICO, Oil Libya) et al due to sanctions, Equity picked up the business.
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Gordon Gekko
#132 Posted : Saturday, July 02, 2011 11:50:52 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@mwanahisa, would you honestly expect the honcho to confess that they are up to no good? I'm not saying that KCB is innocent.
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mwanahisa
#133 Posted : Saturday, July 02, 2011 12:03:07 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
In this particular case, Yes, as I was asking the question in a different capacity. In any event, much as Njuguna has all over this issue, he has not given any indication that what the clique of banks have been doing is illegal.

While one can argue about the morality of their profiteering, we as shareholders of these banks have given their management the mandate to make money for us and the more merrier.

Gordon Gekko wrote:
@mwanahisa, would you honestly expect the honcho to confess that they are up to no good? I'm not saying that KCB is innocent.
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mwanahisa
#134 Posted : Saturday, July 02, 2011 7:16:18 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Mainat, this story appears to disqualify both KCB and Equity from the list...

http://www.theeastafrica...0/-/h7yo2u/-/index.html

According to the story, the Prof stated an investigation into trading trends conducted by the Central Bank had revealed three things

Reason no. 3 was that the positions are largely associated with their group companies overseas. Both KCB and EB only have small subsidiaries in Eastern Africa which would not qualify them in this group. In my view, in addition to SCB & BBK, the other two would most likely be Citi and CFC Stanbic which traditionally also derive a bigger proportion of their income from forex trading as opposed to our big 2 home grown banks.

I stand to be corrected all the same, but just let know the source(s) of your info.

Mainat wrote:
Interesting- the 4 banks that CBK warned were- BBK, KCB, Stanchart and........................................................................................

Equity!

Something going with this bank. The other day I read that after Citibank/Stnachart gave up being the bankers for the Linyan investors in Kenya (LAICO, Oil Libya) et al due to sanctions, Equity picked up the business.
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Cde Monomotapa
#135 Posted : Saturday, July 02, 2011 8:31:02 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Cde Monomotapa wrote:
Ati KCB part of the big 4? Wololo..tihihi. Forex income should be over 1B in Q2 then smile

Hehehe this coming from someone who said name and shame them....hehehe shame on KCB for arbitraging the CBK and pouring misery on Kenyans...

Tihihi. hic*
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