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Kenya shilling breaks key 90 per dollar level
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2012
#11 Posted : Tuesday, November 22, 2011 1:07:16 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

BBI will solve it :)
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Kaigangio
#12 Posted : Tuesday, November 22, 2011 1:09:42 PM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
what do you expect when we are importing eggs, chicken, maize etc as if they are unknown locally!!!
...besides, the presence of a safe alone does not signify that there is money inside...
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Cde Monomotapa
#13 Posted : Tuesday, November 22, 2011 1:41:34 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Kaigangio wrote:
what do you expect when we are importing eggs, chicken, maize etc as if they are unknown locally!!!
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Sufficiently Philanga....thropic
#14 Posted : Tuesday, November 22, 2011 3:06:09 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly
@SufficientlyP
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2012
#15 Posted : Tuesday, November 22, 2011 3:16:24 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Sufficiently Philanga....thropic wrote:
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly


Very true. Maybe this is the wake up call we need.

BBI will solve it :)
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kizee1
#16 Posted : Tuesday, November 22, 2011 3:17:43 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Sufficiently Philanga....thropic wrote:
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly

wtf is it cbks or any1s business wat i do with my money?
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Cde Monomotapa
#17 Posted : Tuesday, November 22, 2011 3:59:43 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
kizee1 wrote:
Sufficiently Philanga....thropic wrote:
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly

wtf is it cbks or any1s business wat i do with my money?

Unless u live & work in TZ, then YES house rules do apply.
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Cde Monomotapa
#18 Posted : Tuesday, November 22, 2011 4:05:32 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
2012 wrote:
Sufficiently Philanga....thropic wrote:
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly


Very true. Maybe this is the wake up call we need.

@philanga & @2012 I concur with you 100% pupa za media lazima zipunguzwe, watu wafanye kazi!! Btw @2012 u promised to expire next year..remember? Laughing out loudly Laughing out loudly
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Coolio
#19 Posted : Tuesday, November 22, 2011 5:00:39 PM
Rank: Elder

Joined: 10/28/2008
Posts: 2,276
Location: Kibish
@Vituvingi i solidly conquer.
Nadondosha meli kubwa seuze ngalawa!
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Impunity
#20 Posted : Tuesday, November 22, 2011 5:06:56 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
At 85 I would order to import a 3rd hand plombox from Chapan.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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