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USD/KES $ at 95
Rank: Member Joined: 10/26/2012 Posts: 136
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mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens ive been told i have no emotion 
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Rank: Member Joined: 10/26/2012 Posts: 136
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mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens The turth of the matter is that excessive rur-urban migration has caused slum squallor and overcrowding, i truly feel nothing for anyone , im have as much emotion as a rock but im practical , true and a realist. something must be done to make the other parts of the country grow to avoid overcrowding . Traffic Jams are costly to the environment to productivity , there also pure hell and can give me a hissy fit
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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mazingira wrote:mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens ive been told i have no emotion This is the correct thinking. Let people use public means. In developed nations poeple use personal cars on a very limited scale. Today everyone is buying a car the way the older generation used to buy sofa and TV in the first few months of employment. If they must drive let them cough more. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: New-farer Joined: 5/25/2010 Posts: 27 Location: Nairobi
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Gatheuzi wrote:mazingira wrote:mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens ive been told i have no emotion This is the correct thinking. Let people use public means. In developed nations people use personal cars on a very limited scale. Today everyone is buying a car the way the older generation used to buy sofa and TV in the first few months of employment. If they must drive let them cough more. In developed countries people do not use public means because cars have been made expensive. On the contrary, they are cheaper. If public means should work, I would leave my car at home voluntarily. It is expensive to drive.Increasing the cost of cars is retrogressive. Suppose during call congestion era, the govt. would have increased the cost of communication. Where would we be given that we now boast of being an IT hub..How will this help vision 2030 (whatever is left of it)? I am tired of a govt. that tries to employ ill thought strategies instead of forward thinking to have progressive solutions for all.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Government should use what it gets from 'sin' levies on cars, to promote cycling/bicycles. Reduce cancer, vitambis etc and general cost of living. Also promote or privatize railway transport, atleast in and around the cities... bring trams. Kenya has potential, but corruption will finish us
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Rank: New-farer Joined: 2/28/2014 Posts: 41
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Gatheuzi wrote:mazingira wrote:mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens ive been told i have no emotion This is the correct thinking. Let people use public means. In developed nations poeple use personal cars on a very limited scale. Today everyone is buying a car the way the older generation used to buy sofa and TV in the first few months of employment. If they must drive let them cough more. Indeed they should cough more. If you factor in Kenyan driving habits to the rate at which cars are currently being bought, in a few years time, one would get traffic jam right at their doorstep. Unapata gari ya bwana imefungiwa na gari ya bibi, ya bibi imefungiwa na gari ya first-born, ya first-born nayo imefungiwa na ya neighbour...basically, we would not move. Good judgement is often the result of experience. Experience is often the result of bad judgement.
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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bizbyte wrote:Gatheuzi wrote:mazingira wrote:mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens ive been told i have no emotion This is the correct thinking. Let people use public means. In developed nations people use personal cars on a very limited scale. Today everyone is buying a car the way the older generation used to buy sofa and TV in the first few months of employment. If they must drive let them cough more. In developed countries people do not use public means because cars have been made expensive. On the contrary, they are cheaper. If public means should work, I would leave my car at home voluntarily. It is expensive to drive.Increasing the cost of cars is retrogressive. Suppose during call congestion era, the govt. would have increased the cost of communication. Where would we be given that we now boast of being an IT hub..How will this help vision 2030 (whatever is left of it)? I am tired of a govt. that tries to employ ill thought strategies instead of forward thinking to have progressive solutions for all. Thank you very much, now this is correct thinking, provide people with a working alternative , in the green section I called this myopic thinking of banning, hiking fees and charges e.t.c , if the kshs 300 parking fee did not deter people .. for those talking of developed countries , the trains /buses are timed to a minute. "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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Gatheuzi wrote:mazingira wrote:mlennyma wrote:mazingira wrote:VituVingiSana wrote:mazingira wrote:It will be a blessing to make it 5 years at least there wont be so many cars on our roads and the genuine dealers i.e. dobies , toyota and others will do better as re-cons will become less attractive as they get more expensive Which would lock out many more middle-class Kenyans from enjoying what the rich already enjoy. Why would you want that? Because driving is already not a pleasure in Nairobi or Mombasa , its hell given a chance you would also kill people walking on nairobi streets to avoid human jam,very bad heart.we should think of developing not punishing citizens ive been told i have no emotion This is the correct thinking. Let people use public means. In developed nations poeple use personal cars on a very limited scale. Today everyone is buying a car the way the older generation used to buy sofa and TV in the first few months of employment. If they must drive let them cough more. Are you serious? Do you know why everyone is desperate to buy a car?mostly because they want to escape the nightmare of inefficient public transport. "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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The discussion has changed from the Kenyan currency versus dollar to buying vehicles and age of vehicles to buy. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 10/26/2012 Posts: 136
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1.00 USD = 95.3651 KES courtesy XE
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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mazingira wrote:1.00 USD = 95.3651 KES courtesy XE where can i get the cheapest dollar buying rate??anyone? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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mlennyma wrote:mazingira wrote:1.00 USD = 95.3651 KES courtesy XE where can i get the cheapest dollar buying rate??anyone? At the nearest forex or bank in 2014 If Obiero did it, Who Am I?
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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On cars, we still have few in the country compared to the population. Go to the rural kenya and it is quite clear that we need better and more roads and thus more vehicles to drive the economy.
The traffic jam issues mainly plague Nairobi because most of the vehicles are based here and by the fact that we have not built roads as planned to keep up with the economic growth
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Rank: Member Joined: 10/26/2012 Posts: 136
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majimaji wrote:
On cars, we still have few in the country compared to the population. Go to the rural kenya and it is quite clear that we need better and more roads and thus more vehicles to drive the economy.
The traffic jam issues mainly plague Nairobi because most of the vehicles are based here and by the fact that we have not built roads as planned to keep up with the economic growth
Theres other means of transport that should be developed before roads and traffic plague the rural areas i.e. railways , monorails , trams . These should all be developed. Rural kenya is pristine and beautiful we know we cant maintain roads properly so lets develop a system thats less intrusive more efficient and requires less upkeep
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Swenani wrote:mlennyma wrote:mazingira wrote:1.00 USD = 95.3651 KES courtesy XE where can i get the cheapest dollar buying rate??anyone? At the nearest forex or bank in 2014 after walking around i find this pple exploiters,one nut was telling me 98 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 1/9/2015 Posts: 19 Location: NAIROBI
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Paul Owuor wrote:mazingira wrote:
With the US $ hitting 95 , Sterling touching 145 and the Euro 107 all imports just got hit , next comes the 15th when we need a few million dollars for fuel , a further outflow , power bills are all going to be adjusted TWICE remember forex adjustment and fuel adjustment levy.
Basically everything (since we are a nett importing country) just got more expensive thanks to this. INFLATION INFLATION INFLATION.
This has to be curbed , dont forget theres the first payment that should be going out for the Eurobond in a few months time and thats BIG money . If the dollar isnt controlled before that were looking at that 107 again and its trimmings
The CBK should sell dollars to commercial banks but I am doubtful as to whether it has enough reserves. They are tiptoeing on the border line....buying the shilling tightens the liquidity and this would give give speculators fodder to drive it to nasty levels.....Remember Soros VS GBP, 1992 DRAMA??
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Swenani wrote:mlennyma wrote:mazingira wrote:1.00 USD = 95.3651 KES courtesy XE where can i get the cheapest dollar buying rate??anyone? At the nearest forex or bank in 2014 i knew that but the rates are not the same just like interest rates vary from bank to bank "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 10/26/2012 Posts: 136
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agile wrote:Paul Owuor wrote:mazingira wrote:
With the US $ hitting 95 , Sterling touching 145 and the Euro 107 all imports just got hit , next comes the 15th when we need a few million dollars for fuel , a further outflow , power bills are all going to be adjusted TWICE remember forex adjustment and fuel adjustment levy.
Basically everything (since we are a nett importing country) just got more expensive thanks to this. INFLATION INFLATION INFLATION.
This has to be curbed , dont forget theres the first payment that should be going out for the Eurobond in a few months time and thats BIG money . If the dollar isnt controlled before that were looking at that 107 again and its trimmings
The CBK should sell dollars to commercial banks but I am doubtful as to whether it has enough reserves. They are tiptoeing on the border line....buying the shilling tightens the liquidity and this would give give speculators fodder to drive it to nasty levels.....Remember Soros VS GBP, 1992 DRAMA?? Not only speculators , i don't really think anyone but he/she who really needs Dollars will be buying but we traditionally buy/ import fuel next week for this unless theres already a buffer in place were in soup. Even with a buffer were still expecting a giant outflow of foreign currency , this will effectively increase the deficit on the current account and further negate the balance of balance of payments . In other words were in for at least another 2 shillings hit the way i see it
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Kenya to auction 2 year and 10 year treasury bonds worth sh.20bn in May. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 10/26/2012 Posts: 136
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Ericsson wrote:Kenya to auction 2 year and 10 year treasury bonds worth sh.20bn in May.
They are trying to mop up excess liquidity , putting a bandage on a leak , the shillings dropped further , current rate is 1.00 USD = 95.7556 KES , courtesy XE
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