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USD/KES $ at 95
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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@KulaRaha, not sure I got you, are you saying it will be 100 by year end? KulaRaha wrote:Usd at 100 at year end, unless CBK borrows externally, then 105 to 110.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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muganda wrote:@KulaRaha, not sure I got you, are you saying it will be 100 by year end? KulaRaha wrote:Usd at 100 at year end, unless CBK borrows externally, then 105 to 110. Yes, 100 by year end. CBK now buying USD from market, rather than selling. Printing money? Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 1/3/2014 Posts: 257
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KulaRaha wrote:muganda wrote:@KulaRaha, not sure I got you, are you saying it will be 100 by year end? KulaRaha wrote:Usd at 100 at year end, unless CBK borrows externally, then 105 to 110. Yes, 100 by year end. CBK now buying USD from market, rather than selling. Printing money? If shilling is strengthening, why buy USD from market now? Why not wait to buy later?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Seems like Zambia has found a solution....  Why Lie, something is really really wrong with us Africans. This is the birth country of Dambisa Moyo... Business Daily wrote:Zambia will hold a day of prayer and fasting on Sunday, with bars shut and football matches cancelled, to seek divine help over the country's currency collapse and dire economic woes.
President Edgar Lungu last month ordered the national prayer session after the kwacha fell 45 percent against the dollar since the start of the year due to a sharp drop in the price of copper, the country's main export. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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"Stop the policy inconsistencies, put all economic fundamentals in place and then maybe you can pray," financial analyst Mambo Hamaundu told AFP. Apt punda amecheka
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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newfarer wrote:"Stop the policy inconsistencies, put all economic fundamentals in place and then maybe you can pray," financial analyst Mambo Hamaundu told AFP. Apt "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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USD/KES $ at 95
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