The ksh is experiencing devaluation. Local EAC up against it and global hard currencies all showing the same trend on the charts. The losing streak is not correlated to current forex market trends. That tells the story that this is devaluation & cbk gov is lying.
So banks wil stil deliver profits from treasury sales& forex this year... Such a ponzi game...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!