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Central Bank of Kenya profit climbs To Sh14 bn
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Swenani
#11 Posted : Friday, October 24, 2014 9:29:38 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Why would central bank be in the business of making profits?
If Obiero did it, Who Am I?
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Wakanyugi
#12 Posted : Friday, October 24, 2014 9:36:18 AM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
Swenani wrote:
Why would central bank be in the business of making profits?



Seigniorage

The printing presses must have been busy this year.

"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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mkeiy
#13 Posted : Friday, October 24, 2014 9:42:16 AM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
Swenani wrote:
Why would central bank be in the business of making profits?


Are you suggesting that CBs [as last resort lenders] should lend to commercial banks 0% interest?
Should they also trade forex at 0% margins? Etc! etc!
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