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of e-CON-omics and the $ at 100
ProverB
#11 Posted : Monday, September 26, 2011 9:47:34 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
KulaRaha wrote:

Kenya’s spending on oil imports has increased 29.38 per cent in the 12 months to November 2010, making it the single biggest import item, according to a report by the banking sector regulator.

...

The Central Bank of Kenya (CBK’s) monthly economic review dated December shows total imports increased by $1.8 billion to $12 billion in the one year to November 2010.

http://www.businessdaily.../-/5p3hfqz/-/index.html

Dont believe all the hogwash out there...someone somewhere didn't do his job and is looking to share blame.


I see your point.As pointed out..we import more than we export..always.. nothing special about that.

CASE: if the proposed 45Billion Euro Bond is floated..at a rate less than 6%...which is about half what Treasury is able to afford in domestic debt..potential impact on profits of banks that are really enjoying the money hungry treasury's thirst for cash?

if Treasury found an alternative source of funds... interests fall overnight..to detriment of banks

As deal points out...its just business. If you were a bank.. you would not mind the euro bond idea staying dead.. if you could contribute in some way..eg..get CBK to intervene in liberalized FOREX market..thereby disqualifying the possibility of the Euro bond indefinitely..you would exercise that option won't you?

..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
ProverB
#12 Posted : Monday, September 26, 2011 9:52:45 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
the deal wrote:

..when CBK comes into the market to raise some funds they have to inject some liquidity (cash) into the market...CBK calls them *reverse repos* thus increasing the supply of the shilling in the market which in turn puts pressure on the Shilling...couple that with the scarce dollars like @Kularaha has said above then you have a weak currency....


Think
True.
My point is someone is playing the scarcity.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
ProverB
#13 Posted : Monday, September 26, 2011 12:04:38 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
wow... shilling actually has actually touched a low of 120 this morning!!!..... sasa hio ndio trend beating coz projections were set at 110 by the weekend. smile
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
'user'
#14 Posted : Monday, September 26, 2011 12:11:43 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
aaiii 120/= is too much to swallow.Its chocking .

So what do we expect of petrol? 155/= per litre .
And Unga (diesel propelled )200 /=?


and my salary?Sad Sad Sad
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
cnn
#15 Posted : Monday, September 26, 2011 12:32:18 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
ProverB wrote:
wow... shilling actually has actually touched a low of 120 this morning!!!..... sasa hio ndio trend beating coz projections were set at 110 by the weekend. smile

We could get there at the rate the shilling is falling and a clueless CBK,but 120 today??.
Njung'e
#16 Posted : Monday, September 26, 2011 12:36:11 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
120???.....a jump of 20.50 as at close of Friday?????....Iko chida!!!!
Nothing great was ever achieved without enthusiasm.
ProverB
#17 Posted : Monday, September 26, 2011 12:42:33 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Njung'e wrote:
120???.....a jump of 20.50 as at close of Friday?????....Iko chida!!!!


Courtesy of Larry Madowo.. PM Live... going on currently... interestingly they seem to think the on going trade fare is more important. smile
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Mainat
#18 Posted : Monday, September 26, 2011 1:36:40 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
The lowest the rate has been this morning is 100.606. labda hiyo ni ya Eastleigh
Sehemu ndio nyumba
ProverB
#19 Posted : Monday, September 26, 2011 1:45:35 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Mainat wrote:
The lowest the rate has been this morning is 100.606. labda hiyo ni ya Eastleigh


well.. waiting for clarification. i think instead i'm learning all about business opportunities in agriculture!!..wish there was a way to get the forex ticker! Sad
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
KulaRaha
#20 Posted : Monday, September 26, 2011 1:58:14 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Now at 101.70 despite CBK selling dollars....
Business opportunities are like buses,there's always another one coming
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