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Kenyan Shilling Coins shortage
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dunkang
#1 Posted : Thursday, January 03, 2013 3:47:34 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Someone tell me this is just another blog;

Syndicate buying and smelting Coins.

http://m.nairobiwire.com...era-mini%26channel%3Dnew
Receive with simplicity everything that happens to you.” ― Rashi

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ChessMaster
#2 Posted : Tuesday, January 08, 2013 2:32:12 PM
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Joined: 2/23/2009
Posts: 1,626
Smelting for which metal and which bubble in the commodities market is causing it?
Uncertainty is certain.Let go
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dunkang
#3 Posted : Tuesday, January 08, 2013 4:17:57 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
ChessMaster wrote:
Smelting for which metal and which bubble in the commodities market is causing it?


According to that blog, the coin mint used a lot of a metal that is worth more than the face value on the coin
Receive with simplicity everything that happens to you.” ― Rashi

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jonna
#4 Posted : Monday, January 21, 2013 8:28:22 PM
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Joined: 11/16/2011
Posts: 196
Location: united states of africa
I was just thinking about this issue but on a different level but yes, it might be true that those coins are made up of a certain % of silver hence the buying/hoarding/smelting it.
Energy.
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ZZE123
#5 Posted : Wednesday, January 23, 2013 1:14:15 PM
Rank: Elder


Joined: 6/21/2008
Posts: 2,490
dunkang wrote:
ChessMaster wrote:
Smelting for which metal and which bubble in the commodities market is causing it?


According to that blog, the coin mint used a lot of a metal that is worth more than the face value on the coin

How stupid can CBK be to use material that is worth more than the face value of the coin? If this were true they would make notes instead..
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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