Wazua
»
Investor
»
Economy
»
Ksh at its weakest since it floated in 1994
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
|
‘ The Central Bank remains committed to a market determined exchange rate for as long as it is supported by fundamentals.’ This quote is via the ngreat Aly Sutchi Khan. But what does it mean? Sehemu ndio nyumba
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Listen to this and listen good... http://www.youtube.com/w...;feature=player_embedded$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Mainat wrote:‘ The Central Bank remains committed to a market determined
exchange rate for as long as it is supported by fundamentals.’ This quote is via the ngreat Aly Sutchi Khan. But what does it mean? Lock this thing at 95 bob.
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
I have just pulled out my very first passport and looked at what the exchange rate was. Then forex was controlled and was recorded in the passport by the issuing bank. One was entitled to ksh 4,000 worth of forex per year using form T. If you wanted more you had to fill form CZ and put in it a convincing argument for Central Bank. I did and was allowed a total of ksh 20,000 for which I got US$ 1,133 in cash and travellers cheques - rate ksh 17.
|
|
|
Rank: Member Joined: 8/29/2008 Posts: 573
|
Which year was that?1991?
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
Gordon Gekko wrote:I have just pulled out my very first passport and looked at what the exchange rate was. Then forex was controlled and was recorded in the passport by the issuing bank. One was entitled to ksh 4,000 worth of forex per year using form T. If you wanted more you had to fill form CZ and put in it a convincing argument for Central Bank. I did and was allowed a total of ksh 20,000 for which I got US$ 1,133 in cash and travellers cheques - rate ksh 17. Indeed you are an elder as ranked 
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Jamani wrote:Gordon Gekko wrote:I have just pulled out my very first passport and looked at what the exchange rate was. Then forex was controlled and was recorded in the passport by the issuing bank. One was entitled to ksh 4,000 worth of forex per year using form T. If you wanted more you had to fill form CZ and put in it a convincing argument for Central Bank. I did and was allowed a total of ksh 20,000 for which I got US$ 1,133 in cash and travellers cheques - rate ksh 17. Indeed you are an elder as ranked Only on Wazua Cheers GG! Do you think we can get back to that now and it be effective?
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
|
Now that the psycological 100 mark is passed just like in fuel prices do we expect figures in the region of 120? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Hello Joined: 9/21/2011 Posts: 3
|
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
With our FinMin answering questions of genital mutilation, our Governor of CBK dithering like an idiot...do you think there is anyone there to defend the shilling? Business opportunities are like buses,there's always another one coming
|
|
|
Wazua
»
Investor
»
Economy
»
Ksh at its weakest since it floated in 1994
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.