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Ksh at its weakest since it floated in 1994
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kizee1 wrote:Mainat wrote:Kizee1-is it true that CBK is selling Ksh? techinacally theyr doin a reverse repo at 400bpts below the overnite market! surely wth is wrong with these guys? Hmmm... At this rate I think I'm make the T-Bill 91 day a permanent rollover. This kitchen is broken...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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kizee1 wrote:Mainat wrote:Kizee1-is it true that CBK is selling Ksh? techinacally theyr doin a reverse repo at 400bpts below the overnite market! surely wth is wrong with these guys? prob they have huge oversub on the 2 yr, and are planning on taking it all, so they're just marinating the market ahead of a serious liquidity crunch. Fun fun fun fun fun! Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@97?!? I tap out. Time to adapt to a new normal. 100 bob to the USD.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Let CBK print money like the Americans...this reverse repo's are just a form of Quantitative easing...LOL....
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Kes has already reached 97 bob to the USD.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Nkt!! At the China-Africa trade conference next month, African states should request China to allow us peg our ccys to the RMB/Yuan. These western ccys are becoming a liability.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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CBK has sold some... Sehemu ndio nyumba
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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cbk trying to intervene...extremly feeble attempt at intervention
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Rank: New-farer Joined: 2/6/2011 Posts: 60
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This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Kabird wrote:This is insane..This thing might test 100 mark...We need sound policies instituted...Common Kenyan suffering from this insane high inflation Like rain making 101 for all African Central Bankers. LoL!!
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Ksh at its weakest since it floated in 1994
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