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Ksh at its weakest since it floated in 1994
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the deal
#331 Posted : Tuesday, September 27, 2011 3:39:29 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
selah wrote:
Quote:
-FX controls for 6-12 months limiting USD already in from going out...my recommendation


@Mainat this is the best option currently.Raising interest rates is not wise since it will make borrowing too costly.

It won't work we are talking of a net importer here...btwn limiting $ outflow will just end up making the situation worse than hiking CBR..cause prices of imports to spike up cos getting the $ will come at a premium......me and @Hisah will be changing the Shilling in the black market at 500 and become instant millionaires...hiking CBR to 10% like @mainat says is the only option one has to curb that money supply...
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  | | Edit by user: Tuesday, September 27, 2011 3:42 PM | Reason: Not specified
'user'
#332 Posted : Tuesday, September 27, 2011 3:42:12 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
Guys are now talking here .Please continue putting the options .Im sure we have some CBK guys here.
Its is possible that CBK has run out of Ideas and decided to let fate take its course .
Liwe liwalo na kama mbaya mbaya.
I can see despair and hopelessness written all over by CBK
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
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  | | Edit by user: Tuesday, September 27, 2011 3:48 PM | Reason: Not specified
selah
#333 Posted : Tuesday, September 27, 2011 4:07:00 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Now lets say CBK increases its CBR so it tightens liquidity i.e the supply of KSh in the market but thats not the only reason the shilling is loosing its value is it? the $ is in high demand just as @the deal said due to us being net importers so even if the rate is increased the $ demand will continue rising.

So to mitigate against FDI being diverted to Forex trading for arbitrage purposes @Mainat proposal of putting a limit to trading on FDI should be put in place..I hear Chile used this rule to bring speculators in check.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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hisah
#334 Posted : Tuesday, September 27, 2011 4:19:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Just to visualize the USDKES carnage since the Lehman bust...

Graph courtesy of Reuters.



http://blogs.reuters.com...gerthanthekenyashilling/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, September 27, 2011 4:20 PM | Reason: Not specified
KulaRaha
#335 Posted : Tuesday, September 27, 2011 4:23:36 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Shilling had a relief rally on the back of news CBK will now be a forex dealer to corporates.

102.60 levels.

Where next?
Business opportunities are like buses,there's always another one coming
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mkonomtupu
#336 Posted : Tuesday, September 27, 2011 4:34:15 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
'user' wrote:
Guys are now talking here .Please continue putting the options .Im sure we have some CBK guys here.
Its is possible that CBK has run out of Ideas and decided to let fate take its course .
Liwe liwalo na kama mbaya mbaya.
I can see despair and hopelessness written all over by CBK


why should we assist the CBK i thought we hire the smartest brains and pay them top dollar/shilling to think and come up with ideas, now if they run of ideas and they start telling to wait for the rain, we get a new team... results or resign!! ama...
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Ali Baba
#337 Posted : Tuesday, September 27, 2011 4:36:35 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
USER & CO: The Ksh will be a basket case like the Zimbabwe dollar.Tomorrow I'm converting all my Ksh into USD.
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Cde Monomotapa
#338 Posted : Tuesday, September 27, 2011 4:46:20 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Eerr pple let's be clear about the difference btwn FDI & Portfolio (in-outflows). FDI is physical foriegn investment that pays rent & creates jobs e.g Google Ke, Microsoft, Unilever Ke, KFC Ke, BBK, SCBK e.t.c Foreign PORTFOLIO flows is what we see in & out our stock & bonds market. Thank you, you are most welcome.
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Cde Monomotapa
#339 Posted : Tuesday, September 27, 2011 4:50:41 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=hisah]Just to visualize the USDKES carnage since the Lehman bust...

Graph courtesy of Reuters.



http://blogs.reuters.com...erthanthekenyashilling/[/quote]
Q.E 1, Q.E 2. Thank you Mr. Obama for this and still ur stimulus package didn't create American jobs. Even our Kazi Kwa Vijana was more effective Laughing out loudly Laughing out loudly happy retirement post-2012.
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'user'
#340 Posted : Tuesday, September 27, 2011 4:53:43 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
KulaRaha wrote:
Shilling had a relief rally on the back of news CBK will now be a forex dealer to corporates.

102.60 levels.

Where next?



Changed at some dollars at 103.5 at 2.30.pm wasnt happy even though I was receiving the 'worthless piece paper'.
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
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  | | Edit by user: Tuesday, September 27, 2011 5:16 PM | Reason: Not specified
86 Pages«<3233343536>»
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