To overcome unscrupulous bankers, CBK announced it would bypass commercial banks to sell forex directly to crucial sectors of the economy the impact was that the KSH started stabilizing immediately. A taskforce formed by Prime Minister last week reversed the proposal, leaving importers to go back to commercial banks. Could there be sabotage at play

Finally a MP @Okemo with a brain btwn his ears

Yield curve... T-bill 91 day weekly... The signal was flagged on auction #1903 - that was the rate money lenders to gok wanted the interest rates as inflation rate went above the cbk limit of 5%... http://www.centralbank.g...bills/WeeklyBills91.aspx So will we see T-Bill 91 day interest rate break above 20%... Look at 2000, 1999, 1998, 1997, 1996, 1995 and the holy grail year 1993 when the rate spiked to 72.09%... Latest T-Bill 91 day auction interest rate was 14.83%. And investors are expected to put money in stocks or worse a bank savings account which as per cbk stats pays 1.37% interest (Aug 2011) and a deposit rate is 4.07% (Aug 2011). At this rate, just borrow from your saccos and buy those T-bills. They'll pay for your loans... Money goggles...