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Ksh at its weakest since it floated in 1994
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Mainat
#381 Posted : Monday, October 03, 2011 12:40:58 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Kularaha-whilst I agree with you on efficiencies, I doubt whether there is the political will to carry measures to eradicate waste. Moreover, nobody has actually pinpointed which areas can be adjusted in the short-term to save us this cash.
On fx controls think you need to get out a bit more. Maybe to Brazil, China, Indonesia, Malaysia, South Korea all countries that have successfully closed fx outlets to protect their currencies from undue downward or even upward pressure of hot money.
Eventually, we Kenyans must buck up siringi by exporting more and importing less. It’s not going to happen without either outright ban on some products or higher import levies. This you can take to the bank.
Sehemu ndio nyumba
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tonicasert
#382 Posted : Monday, October 03, 2011 12:51:14 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Maybe they could borrow a leaf from seasoned BoJ.

http://www.reuters.com/a...n-idUSTOE68S07S20100929

....borrow, intervene heavily and aggressively till they find a new normal level of trading. But for this they have to wait for the European crisis to cool down, as the dollar rallying is yet to calm.

Few days ago Japan raised the ceiling for "borrowing-for-intervention".

Secondly, I think Ndung'u should avoid too much talk, and paraphrase Mukiha about the tiger that never declares its prowess? Plan a very effective strategy and ACT.

Thirdly, Govt should really look at long term ways of reducing FX requirements which are currently negatively infinite - invest in agric, promote manufacturing companies to set up busn, etc

Fourthly, postpone any foreign exchange payments by the govt by swapping forward, or using any other tools.
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hisah
#383 Posted : Tuesday, October 04, 2011 12:37:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES - today @102.50 after banks' trading platforms got disconnected... Keep watching and let's wait for the committee report after 120days and see if USDKES will also be 120...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#384 Posted : Tuesday, October 04, 2011 12:42:14 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:
USDKES - today @102.50 after banks' trading platforms got disconnected... Keep watching and let's wait for the committee report after 120days and see if USDKES will also be 120...

lol..lets hope they dont have a spillover! if they take say 150 days we are done
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Mainat
#385 Posted : Tuesday, October 04, 2011 12:46:51 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Is Ksh100 the new norm?
Sehemu ndio nyumba
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kizee1
#386 Posted : Tuesday, October 04, 2011 12:48:41 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Mainat wrote:
Is Ksh100 the new norm?


yea why not, its all about acclimatizing
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KulaRaha
#387 Posted : Tuesday, October 04, 2011 12:54:44 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
kizee1 wrote:
Mainat wrote:
Is Ksh100 the new norm?


yea why not, its all about acclimatizing


Exactly! Who says the shilling should be at 75, or 90? perhaps this is the true value of the shilling.
Business opportunities are like buses,there's always another one coming
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Mainat
#388 Posted : Tuesday, October 04, 2011 2:27:03 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
MPC meets kesho. I expect it to add another 50-75bps.
Sehemu ndio nyumba
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kizee1
#389 Posted : Tuesday, October 04, 2011 2:37:51 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Mainat wrote:
MPC meets kesho. I expect it to add another 50-75bps.



i wonder wat effect this mpc is expected to have
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FUNKY
#390 Posted : Tuesday, October 04, 2011 4:08:03 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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86 Pages«<3738394041>»
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