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Kenya Shilling Hits 120 vs the Dollar
amoswandera
#1 Posted : Tuesday, September 27, 2011 12:35:40 PM
Rank: Hello


Joined: 9/27/2011
Posts: 8
Location: Nairobi
At this rate the USD is destined for the KES. 120 mark.

Already forex bureaus have already made price adjustments to cushion the effects of the volatile Kenya shilling.

Question is, what impact will this have on businesses.

Successful African Business Leader Humphrey Kariuki Ndegwa says that to cope with the volatile shilling we have to stay away from trading in shillings lest your business suffers.

The business magnate explains more on his website http://humphreykariukindegwa.com

Heed his advise.
Kausha
#2 Posted : Tuesday, September 27, 2011 12:55:11 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
What if my customers give me kenya shillings and my employees have contracts in kenya shillings. Does this mean I wake and start demanding dollars and paying dollars?
akowally
#3 Posted : Tuesday, September 27, 2011 1:43:31 PM
Rank: Veteran


Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
I guess this is only good for exporters being paid by the dollar and online businessmen like me. Revenues are at a new high.
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hisah
#4 Posted : Tuesday, September 27, 2011 1:45:45 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And all over sudden we have numerous threads about KES going bananas... Mumekuwa wapi?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#5 Posted : Tuesday, September 27, 2011 2:04:23 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Laughing out loudly Laughing out loudly Now i'm getting more & more convinced that KES has reached the bottom of the trough. Time to slaughter the "Johnny come latelys"
Cde Monomotapa
#6 Posted : Tuesday, September 27, 2011 2:33:09 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Laughing out loudly Laughing out loudly Now i'm getting more & more convinced that KES has reached the bottom of the trough. Time to slaughter the "Johnny come latelys"

Mmm...same way pple were more interested in buy safcom at 8 bob than now at 3 bob. We never learn, do we?
babyelephant
#7 Posted : Tuesday, September 27, 2011 2:44:47 PM
Rank: New-farer


Joined: 12/15/2010
Posts: 5
Location: Nairobi, Kenya
so jokes aside...what does CBK need to do to reverse this?
youcan'tstopusnow
#8 Posted : Tuesday, September 27, 2011 4:28:15 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Laughing out loudly Laughing out loudly Now i'm getting more & more convinced that KES has reached the bottom of the trough. Time to slaughter the "Johnny come latelys"

Mmm...same way pple were more interested in buy safcom at 8 bob than now at 3 bob. We never learn, do we?

It's not human nature
GOD BLESS YOUR LIFE
Cde Monomotapa
#9 Posted : Tuesday, September 27, 2011 5:05:41 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Laughing out loudly Laughing out loudly Now i'm getting more & more convinced that KES has reached the bottom of the trough. Time to slaughter the "Johnny come latelys"

Mmm...same way pple were more interested in buy safcom at 8 bob than now at 3 bob. We never learn, do we?

It's not human nature

Oh well...
tony stark
#10 Posted : Tuesday, September 27, 2011 8:45:23 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
amoswandera wrote:
At this rate the USD is destined for the KES. 120 mark.

Already forex bureaus have already made price adjustments to cushion the effects of the volatile Kenya shilling.

Question is, what impact will this have on businesses.

Successful African Business Leader Humphrey Kariuki Ndegwa says that to cope with the volatile shilling we have to stay away from trading in shillings lest your business suffers.

The business magnate explains more on his website http://humphreykariukindegwa.com

Heed his advise.


You shameless man. This is wazua why put a link to your stupid blog which only has copy pasted articles from business daily. There is no originality, no sense, and stupidity abound in your thought process. Idiot!
mpobiz
#11 Posted : Tuesday, September 27, 2011 8:52:51 PM
Rank: Elder


Joined: 8/10/2010
Posts: 2,264
tony stark wrote:
amoswandera wrote:
At this rate the USD is destined for the KES. 120 mark.

Already forex bureaus have already made price adjustments to cushion the effects of the volatile Kenya shilling.

Question is, what impact will this have on businesses.

Successful African Business Leader Humphrey Kariuki Ndegwa says that to cope with the volatile shilling we have to stay away from trading in shillings lest your business suffers.

The business magnate explains more on his website http://humphreykariukindegwa.com

Heed his advise.


You shameless man. This is wazua why put a link to your stupid blog which only has copy pasted articles from business daily. There is no originality, no sense, and stupidity abound in your thought process. Idiot!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Politics is just things to keep the people divided and foolish and put your trust in men and none of them can do nothing for you...
Cde Monomotapa
#12 Posted : Wednesday, September 28, 2011 1:46:01 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mpobiz wrote:
tony stark wrote:
amoswandera wrote:
At this rate the USD is destined for the KES. 120 mark.

Already forex bureaus have already made price adjustments to cushion the effects of the volatile Kenya shilling.

Question is, what impact will this have on businesses.

Successful African Business Leader Humphrey Kariuki Ndegwa says that to cope with the volatile shilling we have to stay away from trading in shillings lest your business suffers.

The business magnate explains more on his website http://humphreykariukindegwa.com

Heed his advise.


You shameless man. This is wazua why put a link to your stupid blog which only has copy pasted articles from business daily. There is no originality, no sense, and stupidity abound in your thought process. Idiot!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


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