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The coin week
Lolest!
#1 Posted : Monday, June 20, 2011 7:54:04 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Please lets surrender the coins in our possession. I hate those sweets that are rudely shoved on me by supermarket cashiers.
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FancyFace
#2 Posted : Monday, June 20, 2011 8:04:31 AM
Rank: Member

Joined: 7/31/2009
Posts: 743
brilliant idea from CBK....I have two KCB piggy banks and each has about 2K coins...please don't shoot me yet, I will do the necessary..

Problems can get out of proportion, and not only in the wee small hours. Don't let the problems eclipse the Master. Let the Master eclipse the problems.
Alo
#3 Posted : Monday, June 20, 2011 9:30:38 AM
Rank: Member

Joined: 6/23/2010
Posts: 127
Location: Msa
And why should i surrender? That's my hobby, every evening i empty my wallet of all coins! I love seeing them around they come in hand when "the month bends"
"A woman's heart should be so hidden in Christ that a man should have to seek Him first to find her."
Sober
#4 Posted : Monday, June 20, 2011 10:45:53 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
they are giving the same value of coins for the notes. there is no incentive there. they would have given even 10% ama 5 for coins over 500 bob. why would i carry all those Kgs of metal only to be given an equivalent note. my counts come in handy when the month is in the corner, that is when i can pick 200 bob worth of coins and buy supper.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Rahatupu
#5 Posted : Monday, June 20, 2011 2:41:28 PM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
I am coaching my son how to save using the coins. He empties his piggy bank whenever its full (atleast once in 3 months). The trick is I give him all coins that make it to the house to keep. Mimi sita surrender zangu.
Gordon Gekko
#6 Posted : Monday, June 20, 2011 4:40:33 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
I did my own Coin Week with my boys at Uchumi over the April Holidays. We had to arrange and count all the coins ourselves, then the security guy counted the same and took it to a cashier who yes you guessed it, counted them again before they gave me the equivalent in paper currency. But at least they were nice.
MaichBlack
#7 Posted : Monday, June 20, 2011 6:32:08 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,911
People seem to be missing the point here. You don't have to take the coins to CBK. All CBK wants is the coins back in circulation. Next time you need a packet of milk or a loaf of bread, use the coins. You don't have to use all the coins at once. Just make sure they leave your house pole pole. Stop hoarding the coins!!! That's the message.

If your kid is saving the coins, every now and then, take them to the bank, show your kid the deposit slip, explain to him the concept of banking and maybe the two of you can agree where you will be keeping the deposit slips so that he/she can be confirming how much he/she has saved so far. You can even go to the bank with the kid for good measure. That makes more sense unless of course you are planning to hire a lorry when your kid goes to college so that you can transport all his/her savings to go pay fees.

Let's cooperate with C.B.K. They have a point on this. Don't be rebels without a cause.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
freiks
#8 Posted : Monday, June 20, 2011 6:38:59 PM
Rank: Veteran

Joined: 6/8/2010
Posts: 1,734
MaichBlack wrote:
People seem to be missing the point here. You don't have to take the coins to CBK. All CBK wants is the coins back in circulation. Next time you need a packet of milk or a loaf of bread, use the coins. You don't have to use all the coins at once. Just make sure they leave your house pole pole. Stop hoarding the coins!!! That's the message.

If your kid is saving the coins, every now and then, take them to the bank, show your kid the deposit slip, explain to him the concept of banking and maybe the two of you can agree where you will be keeping the deposit slips so that he/she can be confirming how much he/she has saved so far. You can even go to the bank with the kid for good measure. That makes more sense unless of course you are planning to hire a lorry when your kid goes to college so that you can transport all his/her savings to go pay fees.

Let's cooperate with C.B.K. They have a point on this. Don't be rebels without a cause.


Well said Maich atleast some sober minds in wazua. Ama hii weekend you never followed @magigi to zimaz
Life is an endless adventure
aemathenge
#9 Posted : Monday, June 20, 2011 6:40:30 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
I despise it when one calls it hoarding. It connotes doing something illegal.

Unless there is a law that compells me to at any one time not to have a certain value and or number of coins in my possession, I will keep mine in a mukebe under my bed, especially those produced before 22 August 1978, in loving memory of when money was mbeca.
MaichBlack
#10 Posted : Monday, June 20, 2011 7:16:23 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,911
aemathenge wrote:
I despise it when one calls it hoarding. It connotes doing something illegal.

Unless there is a law that compells me to at any one time not to have a certain value and or number of coins in my possession, I will keep mine in a mukebe under my bed, especially those produced before 22 August 1978, in loving memory of when money was mbeca.

I know we can't all study economics but unless one has a good reason - yet to hear one - you should never hoard coins. See link below.

Why you should not HOARD coins

You can keep a few if you are a collector but why would you need 100 coins from 1972 for example?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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