It hit 103+ until CBK intervened.

Imho, oil price falling will be a game changer

Very calculated their intervention, always to move the rate back below 102 at the end of closing so the rate carried forward is at this level; all trades show a loss if done above this level during the day.

If traders do not cover, aren't the banks red in the face when submitting their daily forex statistics to CBK?

What if you shorted above 102 intraday and buy back at end of day? Kinda easy and predictable.

I think the idea is to bring the USD below 102...closer to 100. Doesn't seem to be happening.

Waiting to see the effects of Iran deal on oil prices.....could be a counter weight. Oil prices falling?

Theyve spent 2 days selling and rate persists at 102 levels.

They intervene because they are not independent, and have huge political pressure to defend the local currency. Remember, politicians are usually imbeciles and cannot understand what we are discussing here.

Citizens of the Virtual Republic, I am a freelance article writer paid weekly in dollars. Most of my clients come from Northern America, The United Kingdom, India and Asia.

Ever since the Kenya Shilling begun it’s descend, I have literally been making more money. In this regard, it is my fervent prayer that not only does this descend go lower but also lasts longer.

My biggest costs are food, rent, power and Safaricon internet bundles.

The other day, Safaricon was kind enough to reduce this cost by giving me more bundles for fewer Kenya Shillings.

Rent out here in Kerugoya is miniscule compared to Nairoberry whereas my power consumption is restricted to powering my laptop computer, music system and three bulbs.

Being upcountry, food out here is not only plentiful but also very cheap.

I feel I owe this good fortune to The Travel Advisory afflicting our tourism industry. Naturally, the other factors are in play such as our addiction to imports, pathetic export structure, the rise of the American dollar and the anticipated rate rise.

Citizens, please help me understand this Travel Advisory Darling. She is making me “rich”.

• Who is she?
• How is she effected?
• What links should I study?
• What are the penalties for breaching such an advisory?
• Will all those foreigners attending the GES and whose countries have issued the advisories be punished?
• Are advisories suspended for the period of the Summit?
• Which Government departments are responsible?
• Will there be any downside on my part given, my industry, if this shilling descend continues?


I repeat, my fellow Citizens, please help me understand this Travel Advisory Sweet Heart. Please. Please.

Keep making hay while the sun shines. The $ is not coming down soon. Not unless a major catastrophe happens. The US economy is strengthening; they have been trying to minimize imports of oil currently thanks to fracking; The capital flight from emerging and frontier markets is making the $$ more scarce. With more investors loosing confidence over the Euro zone, many are opting to shore their money in the US markets. The scarcity is pushing the dollar up.

As for the the advisories......let them issue them those who really want to visit will do it.