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USD at 90.00
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dunkang
#71 Posted : Monday, June 20, 2011 3:14:43 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
90's? Applause Hoping it falls to 80's d'oh! very fast! Otherwise, some people might get 2012 election slogans!!!!! Liar ?
Receive with simplicity everything that happens to you.” ― Rashi

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Cde Monomotapa
#72 Posted : Monday, June 20, 2011 3:23:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
In other news..oil is on the way down. Brent @110, Nymex @93

Now for KK to prove its salt with the August load!
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'user'
#73 Posted : Monday, June 20, 2011 5:29:36 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
Dollar 91 and we are just about to import maize to bring down the price of unga from kshs 150Shame on you Shame on you Shame on you Shame on you

This is a real joke .Shame on you Shame on you Shame on you

Wakenya will we(I) survive ?

An intervention by CBK is a MUST NOW
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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tonicasert
#74 Posted : Tuesday, June 21, 2011 12:28:27 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Isn't it interesting the Kibaki is calling for banks to reduce lending rates, while Central Bank on the other side is tightening cash that banks are holding (Repo mop-up, CBR Rate hikes & CRR hikes) in the name of managing the currency situation!
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Genghis Khan
#75 Posted : Friday, June 24, 2011 10:16:17 AM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
http://www.businessdaily.../-/3tm9f2z/-/index.html
Quote:
Mr Razia Khan, the head of Africa Research at Standard Chartered Plc, said during a visit to Nairobi that CBK needed to raise the CBR which is now at 6.25 per cent, about a third lower than the 91-day Treasury Bill of 9.02 per cent.

Off topic abit but this merits attention... again I say CBK are clowning around... any bank can "borrow" from cbk to invest in T-Bill... its free money. Do these guys really know what they are doing??
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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  | | Edit by user: Friday, June 24, 2011 11:29 AM | Reason: Not specified
RVP
#76 Posted : Friday, June 24, 2011 11:50:12 AM
Rank: New-farer

Joined: 5/3/2010
Posts: 69
Interesting how the USD has been pounded 30% over 52 weeks by the CHF even as the KES has been losing.

http://www.xe.com/curren...F&to=USD&view=1Y
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the deal
#77 Posted : Friday, June 24, 2011 12:07:03 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I listened to him for a few minutes and then got bored...chap is full of talk no action...i have no confidence at all in him.
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KulaRaha
#78 Posted : Friday, June 24, 2011 12:11:26 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
CBK is lost....this problem is so easy to solve, just jack CBR to 10% and watch all those dollar longs get shaken out!

Easy peasy...
Business opportunities are like buses,there's always another one coming
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SokoAnalyst
#79 Posted : Friday, June 24, 2011 12:24:42 PM
Rank: Hello

Joined: 6/24/2011
Posts: 1
Location: Bungoma
this forex issue is purely political. the arbitrage issue is for 2012 so no action will be taken against the bank. this is easier than printing money which will increase liquidity and permanently devalue.
Your Raw Analyst on Finance and Investment.
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Sober
#80 Posted : Sunday, June 26, 2011 10:25:03 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
When i posted this link two weeks ago an exchange rate of 90 against the USD sounded like a great milestone, but now as it stands and trading is the 90s both buying and selling am meant to believe that even a century is doable. I will chech out the rate after a fortnite and i am hoping CBK will not do anything.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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