Wazua
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Ksh at its weakest since it floated in 1994
Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Why are banks dispaying fm stations in their banking halls!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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No word from clueless ndung'u? punda amecheka
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Rank: Member Joined: 1/3/2011 Posts: 129 Location: Nairobi
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The thoughts of forex controls are premature cos CBK does not have the resources to support such initiatives I.e for the Shilling to stay at a certain band towards the $$$ CBK needs to keep selling USD to willing buyers to mantain the demand-supply equilibrium...do they have the reserves for that?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:The thoughts of forex controls are premature cos CBK does not have the resources to support such initiatives I.e for the Shilling to stay at a certain band towards the $$$ CBK needs to keep selling USD to willing buyers to mantain the demand-supply equilibrium...do they have the reserves for that?
Cap it at 50 bob and that'l make a technical cover of 8 month import cover. Finance essential goods & services with that. Anyone in need of a Plasma or HD TV from S.Korea or another Probox from Japan can go to the bank.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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In 8 months the global mkts should've settled into a longterm trend and Kenya/SSA will have emerged as a very good destination for FDI. Voila!!! 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:If KCB doesn't make a colossal amount off this currency madness in Q3...i'll @>£€.
They wont as well as most banks due to their bond traps. Unless most hide their tradable bonds to hold to maturity to hide the current losses. Banks stocks were a sell this year and they still are a sell! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:the deal wrote:The thoughts of forex controls are premature cos CBK does not have the resources to support such initiatives I.e for the Shilling to stay at a certain band towards the $$$ CBK needs to keep selling USD to willing buyers to mantain the demand-supply equilibrium...do they have the reserves for that?
Cap it at 50 bob and that'l make a technical cover of 8 month import cover. Finance essential goods & services with that. Anyone in need of a plasma or HD TV or another Probox can go to the bank.
Lol thats not possible ..for that to happen CBK should start by buying all the Shilling in circulation...that means starving the banks of liquidity...so the guy u r reffering t o the bank might get that loan at 100% interest rates...why do u think the Zim $ is no more? Unless u are saying we burry the Shilling 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Jamani wrote:stocksmaster wrote:KulaRaha wrote: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?
Couldn't have put it better..........When the interests of a small clique supercede those of an entire country, when a sitting Finance Minister is currently sitted at the Hague as the Ksh is on a free fall......inflation can only approach 20%......T-bills should be headed in a similar direction.......The NSE is headed to 2500.....and we are yet to enter the election year where the political risk premium for investments will rise.....
God Help Us!
Couldn't have put it better..........When the interests of a small clique supercede those of an entire country, will there really come a time when the interests of the nation "supercede" those of an individual as once said by a former VP....... or do we have to wait for confirmation of whats taking place outside this country for this small clique to realize this and start managing the economy
God Help Us!
http://www.youtube.com/watch?v=xIraCchPDhk$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Wazua
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Ksh at its weakest since it floated in 1994
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