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The real cause of depressed KSH.
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selah
#1 Posted : Thursday, March 10, 2011 4:22:46 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
What is causing the KSh. to depreciate, Egypt and Libya cant be the Only reason The Ocampo6 argument does not add Up.....Most of the african Markets have dipped since the ARAB world Uprising But can this explain the weakening of the shilling.

And the Bonds CBK are floating are most probably being used to wipe out excess liquidity.Being a simple Kenyan Do I need to get worried?
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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For Sport
#2 Posted : Thursday, March 10, 2011 4:36:23 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
No idea

It is depreciating so badly you'd think we'd printed money.
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jawz1
#3 Posted : Thursday, March 10, 2011 4:39:26 PM
Rank: Member

Joined: 8/4/2008
Posts: 205
Location: Nairobi
Just wait for fuel price increases past 100bob next week and attendant food and fare increases than you may start to get a little worried
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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My 2 cents
#4 Posted : Thursday, March 10, 2011 4:43:14 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
selah wrote:

And the Bonds CBK are floating are most probably being used to wipe out excess liquidity.Being a simple Kenyan Do I need to get worried?



I am afraid yes; inflation is going to worsen. I envy those paid in hard currencies.
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jerry
#5 Posted : Thursday, March 10, 2011 4:57:29 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
My 2 cents wrote:
selah wrote:

And the Bonds CBK are floating are most probably being used to wipe out excess liquidity.Being a simple Kenyan Do I need to get worried?



I am afraid yes; inflation is going to worsen. I envy those paid in hard currencies.

So, where is the gov getting the cash to service all the debt? Print money or tax me more?
The opposite of courage is not cowardice, it's conformity.
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kizee1
#6 Posted : Thursday, March 10, 2011 5:24:48 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
For Sport wrote:
No idea

It is depreciating so badly you'd think we'd printed money.

this is the main reason...i think i mentioned CBK last year purchased upwards of USD 500mio thus selling KES 40yds! now how did cbk get 40 yards to do this? they printed money 40 bn worth, worse they keep doing reverse repos further flooding the domestic money mkts..all in the name of chasing growth??? guess theyve forgotten their object eh?
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  | | Edit by user: Thursday, March 10, 2011 5:30 PM | Reason: Not specified
hisah
#7 Posted : Friday, March 11, 2011 6:16:21 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
For Sport wrote:
No idea

It is depreciating so badly you'd think we'd printed money.

this is the main reason...i think i mentioned CBK last year purchased upwards of USD 500mio thus selling KES 40yds! now how did cbk get 40 yards to do this? they printed money 40 bn worth, worse they keep doing reverse repos further flooding the domestic money mkts..all in the name of chasing growth??? guess theyve forgotten their object eh?



Central banks print money... Out of thin air...?! Now there lies the problem of money mechanics - fractional reserve mechanics. If they print more than goods/services available the imbalance is hidden by the rising inflation. Inflation is hidden taxation whichever way you look at it. A 90/- dollar rate wont be funny for a net importing nation. y
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#8 Posted : Friday, March 11, 2011 8:57:24 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Please note that CBK recently got a USD.500M facility from IMF so whatevr is happening is simply global dollar strength and or speculation. There certainly is no forex shortage in Kenya. Don't blame the good governor please..tihihi.. !! MARTHA KARUA FOR PRESIDENT !!
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kizee1
#9 Posted : Friday, March 11, 2011 9:27:28 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Cde Monomotapa wrote:
Please note that CBK recently got a USD.500M facility from IMF so whatevr is happening is simply global dollar strength and or speculation. There certainly is no forex shortage in Kenya. Don't blame the good governor please..tihihi.. !! MARTHA KARUA FOR PRESIDENT !!

global dolar strenght? are you for real? which global dollar strength are u on about? cbk devalued the kes, they deviated from their object and tried to force growth, printed tonnes of money and pumped it into the economy, what ur seeing now is a devaluation, kes is weaker against all goods and services whether locally or internationally produced! NDUNGU IS 100% TO BLAME FOR THIS NONESENSE!
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For Sport
#10 Posted : Friday, March 11, 2011 12:21:37 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Cde....hapaaaaaana
The dollar has been taking a beating here and there.
http://www.ibtimes.com/a...is-weakening-hellip.htm

Wapi Qw??
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