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where is the dollar going????
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the deal
#21 Posted : Friday, May 13, 2011 8:03:13 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
deal, is there a Mututho law in Namibia?

Laughing out loudly Laughing out loudly
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VituVingiSana
#22 Posted : Saturday, May 14, 2011 5:16:32 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
the deal wrote:
youcan'tstopusnow wrote:
deal, is there a Mututho law in Namibia?

Laughing out loudly Laughing out loudly
Not in Namibia but Botswana has some serious mututho laws!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#23 Posted : Saturday, May 14, 2011 9:13:28 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
the deal wrote:
youcan'tstopusnow wrote:
deal, is there a Mututho law in Namibia?

Laughing out loudly Laughing out loudly
Not in Namibia but Botswana has some serious mututho laws!

Yes @VVS its crazy in Botswana...NamBrew is charged 40% levy but according to their H1 2011 its a very lucritive market and theyre really hammering SABMiller.
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mufasa
#24 Posted : Monday, May 16, 2011 9:19:41 PM
Rank: Member

Joined: 4/15/2008
Posts: 238
Scubidu wrote:
Predictions on the dollar rebound; some say an easy 6%. But KES has a strong short term correlation with the US dollar index since Osama was buried in his "underwater cave". Can we rely the dollar index to set a medium term trend for KES?


foreign investors could be the biggest sellers in the NSE, they must have benefited big prior to the unprecedented 2007/08 elections bull run. With CBK relying on a floating dollar rate -we are left to rely on mkt factors such as global investment factor. And right now so many mkts are looking lucrative, case in point Egypt. Kenya's instability notwithstanding - The NSE seems set for gloomy days ahead with one or two unjustified spikes. NSE is Now good for long term only (3years and above). From this discussion, I have concluded that the dollar rate is neither here nor there
Do it today! Tomorrow is promise to no-one.
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kizee1
#25 Posted : Tuesday, May 17, 2011 9:04:47 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
kes hit a new low against the usd today to trade at 86.70*80, though closed at 86.65*75 seems like we are headed to 88 or maybe 90 at this rate...cbk keep selling the local unit and real money flows also adding fuel to the flame..hard hard times ahead
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VituVingiSana
#26 Posted : Tuesday, May 17, 2011 10:46:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
I do not understand the logic behind CBK's moves... The KES dropping like a rock will mean higher imported inflation. At this rate I expect ANOTHER fuel price hike not coz oil prices have risen but KES is crashing!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee1
#27 Posted : Tuesday, May 17, 2011 11:30:15 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
VituVingiSana wrote:
I do not understand the logic behind CBK's moves... The KES dropping like a rock will mean higher imported inflation. At this rate I expect ANOTHER fuel price hike not coz oil prices have risen but KES is crashing!



very tru..cbk need to explain wat the rationale is their object as ive stated many times is price stability any action that contradicts this shud be avoided
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hisah
#28 Posted : Wednesday, May 18, 2011 7:31:16 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I will get my blasphemous 90/- as long as cbk keeps selling to buy euros & dollars. Their price stability objective seems to have been thrown out?! Since the ksh freefall started the dollar was getting battered in the global forex market. Now the euro is taking it in the chin & ksh is worse? Is the ksh really free float? If it is then the dollar rebound will crash it to alykhan's target of 100??! Brick wall
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#29 Posted : Wednesday, May 18, 2011 9:08:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
CBK buying the Euro should tell us what Kenya and other nations like BRIC think about the USD as a forex reserve currency.
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Cde Monomotapa
#30 Posted : Wednesday, May 18, 2011 9:10:25 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Nevertheless, I am beneficiary of a weak shilling smile technical expansion of net-worth.
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