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Ksh at its weakest since it floated in 1994
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Cde Monomotapa
#451 Posted : Friday, October 14, 2011 7:55:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
The 1st order of business the on-going rains in the EAC. Food, Water & Hydro are the 1st fundamentals currently being addressed.

Keep staring at ur charts techies Laughing out loudly Laughing out loudly
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GGK
#452 Posted : Friday, October 14, 2011 7:55:19 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Kizee,

What would have another team done differently given the circumstances.

Some times firing officials is not always the best option.


kizee1 wrote:
why is no one calling ndungu out for hoarding dollars? infact in his case the usd's are held in public trust! such BS...this guy and uhuru are the worst team to have in office during these tricky times...janas meeting has led to some draconian decrees that have taken our financial markets back to the 40s! and we want to be a financial markets hub-KEKE!

"..I am because we are. "― Ubuntu, Umtu,
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GGK
#453 Posted : Friday, October 14, 2011 7:58:01 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Talk of Divine Providence coming to our rescue. The scriptures have it that He is never late or early. Lets hope all this turmoil was for a reason



Cde Monomotapa wrote:
The 1st order of business the on-going rains in the EAC. Food, Water & Hydro are the 1st fundamentals currently being addressed.

"..I am because we are. "― Ubuntu, Umtu,
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Cde Monomotapa
#454 Posted : Friday, October 14, 2011 8:34:25 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
GGK wrote:
Talk of Divine Providence coming to our rescue. The scriptures have it that He is never late or early. Lets hope all this turmoil was for a reason



Cde Monomotapa wrote:
The 1st order of business the on-going rains in the EAC. Food, Water & Hydro are the 1st fundamentals currently being addressed.


Only during crisises is when system weaknesses arise and can be addressed. This year the banking & monetary systems were on the spotlight. Let the reforms be a stronger base for future growth!
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freiks
#455 Posted : Monday, October 17, 2011 6:06:16 PM
Rank: Veteran

Joined: 6/8/2010
Posts: 1,734
Seemsthe shillingi has known UK is back from hague
Life is an endless adventure
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hisah
#456 Posted : Wednesday, October 26, 2011 5:07:59 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
But the crown today goes to TZS - has exploded (huge gap up on opening) as the USD knocks it down while taking out all time low of 1632, now trading @1661. From here it is 1700 then 1800.

http://www.forexpros.com.../usd-tzs-advanced-chart

And all this is happening before the great dollar squeeze begins in earnest!

And a month later, USDTZS is above 1700 & continuing to register all times highs @1765 (yesterdays close). I don't see how 1800 will not be tested & surpassed. There's a time biz daily was ablazed with how the TZS was stable unlike its KES & UGX sistas. But being biz daily, well what can I say...
TZS breakdown playing catch up will hurt much more. And people want to dip into that Dar exchange...

EA econs (TZ, KE & UG) will hit the slowdown bumps for at least a year. A recession is also likely esp in KE, which will spill over to the rest. I haven't yet factored in a prolonged war cost effect & frankly I don't want to... Short term pains are coming & living within your means will be a must... If only EA would look for ways to enhance cheap credit for manufacturing, infrastructure, energy & agri sectors, that would work wonders for job creation & econ expansion. Hii mambo ya mkopo wa salo to buy luxuries or holiday trips has zero econ input. Create an environment that attracts capital inflow & this is where I have beef with Treasury & Trade or planning ministries outdated policies. We need technocrats not political figureheads in those dockets. Hopefully the new constitution will fix this.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#457 Posted : Wednesday, October 26, 2011 10:06:32 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
ugx making a strong rally, think yield hunters are getting in
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Mainat
#458 Posted : Wednesday, October 26, 2011 10:32:10 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ksh above 101 again and heading towards a record on GBP (which is obviously not the focus of GoK). The 18% discount window rate is unsustainable and once that comes off...
Sehemu ndio nyumba
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kizee1
#459 Posted : Wednesday, October 26, 2011 11:08:20 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Mainat wrote:
Ksh above 101 again and heading towards a record on GBP (which is obviously not the focus of GoK). The 18% discount window rate is unsustainable and once that comes off...



what did cbk expect? they have all but re-instated fx controls so offshores are getting out of liquid assets
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FUNKY
#460 Posted : Wednesday, October 26, 2011 11:34:01 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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