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Ksh at its weakest since it floated in 1994
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kizee1 wrote:Mainat wrote:Kizee1-is it true that CBK is selling Ksh? techinacally theyr doin a reverse repo at 400bpts below the overnite market! surely wth is wrong with these guys? Hmmm... At this rate I think I'm make the T-Bill 91 day a permanent rollover. This kitchen is broken...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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kizee1 wrote:Mainat wrote:Kizee1-is it true that CBK is selling Ksh? techinacally theyr doin a reverse repo at 400bpts below the overnite market! surely wth is wrong with these guys? prob they have huge oversub on the 2 yr, and are planning on taking it all, so they're just marinating the market ahead of a serious liquidity crunch. Fun fun fun fun fun! Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@97?!? I tap out. Time to adapt to a new normal. 100 bob to the USD.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Let CBK print money like the Americans...this reverse repo's are just a form of Quantitative easing...LOL....
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Kes has already reached 97 bob to the USD.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Nkt!! At the China-Africa trade conference next month, African states should request China to allow us peg our ccys to the RMB/Yuan. These western ccys are becoming a liability.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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CBK has sold some... Sehemu ndio nyumba
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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cbk trying to intervene...extremly feeble attempt at intervention
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Rank: New-farer Joined: 2/6/2011 Posts: 60
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This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Kabird wrote:This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation Like rain making 101 for all African Central Bankers. LoL!!
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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With Fed's Operation Twist and warnings of "significant downward risks", stocks selloff esp at NSE by foreignors may nudge USDKES to the 100 mark very soon.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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tonicasert wrote:With Fed's Operation Twist and warnings of "significant downward risks", stocks selloff esp at NSE by foreignors may nudge USDKES to the 100 mark very soon. !! 60 dollar crude !!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Kabird wrote:This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation Boss pole sana. This thing will not test 100, it will break above & 120 is a possible target. I dont want to imagine the inflation & lending fallout... I was hoping to come to KE this Dec, but plans cancelled. No biz sense. What of foreign investors...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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I thought if you are bringing dollars then you would be OK. But inflation may hurt your spending power hisah wrote:
Boss pole sana. This thing will not test 100, it will break above & 120 is a possible target. I dont want to imagine the inflation & lending fallout... I was hoping to come to KE this Dec, but plans cancelled. No biz sense. What of foreign investors...
"..I am because we are. "― Ubuntu, Umtu,
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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hisah wrote:Kabird wrote:This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation Boss pole sana. This thing will not test 100, it will break above & 120 is a possible target. I dont want to imagine the inflation & lending fallout... I was hoping to come to KE this Dec, but plans cancelled. No biz sense. What of foreign investors... spot now at 97.80*98.00, i think 100 trades today
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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hisah wrote:Kabird wrote:This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation Boss pole sana. This thing will not test 100, it will break above & 120 is a possible target. I dont want to imagine the inflation & lending fallout... I was hoping to come to KE this Dec, but plans cancelled. No biz sense. What of foreign investors... boss pitia for a holiday lol, i will buy u pints, would be interesting to meet you
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kizee1 wrote:hisah wrote:Kabird wrote:This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation Boss pole sana. This thing will not test 100, it will break above & 120 is a possible target. I dont want to imagine the inflation & lending fallout... I was hoping to come to KE this Dec, but plans cancelled. No biz sense. What of foreign investors... spot now at 97.80*98.00, i think 100 trades today Things are sharply getting disorderly. Can euro PIIGS default asap we get over with the painful slow motion wait. Or the fed just prints $10 trillion and we forget the pain for another 2yrs. Very broken markets. Just look at the Greece bonds (1, 2 & 5yr). Look at US treasurys...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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KES at 100 ....this is a joke !!!!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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QW25081985 wrote:KES at 100 ....this is a joke !!!!! too much a one way trade now. We need to regulate this thing NOW! Price controls 
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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If Switzerland can peg its currency with the Euro why cant we take the same step?
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