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Big banks to blame??

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Horton		#21 Posted : Thursday, June 23, 2011 2:19:01 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Burning Spear wrote: its BBK,SCB and Citi Bank. indeed they should be shamed and probably their names to be revealed to the citizens.This would teach them a lesson. link tafadhali??
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KulaRaha		#22 Posted : Thursday, June 23, 2011 2:22:59 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Nonsense! Sanction local banks for what? For selling dollars to offshore demand? The shilling is liberalized, that means anyone anywhere can trade freely in it! Its a case of the askari blaming the door after a robbery..."oh the door was open while I was asleep!" Business opportunities are like buses,there's always another one coming
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guru267		#23 Posted : Thursday, June 23, 2011 2:26:10 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		This is bullshit... CBK wishes to play the blame game and it is them who have failed to contol inflation.. Speculation is legal and they CANNOT touch these banks even if they tried Mark 12:29 Deuteronomy 4:16
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SAC Cohen		#24 Posted : Thursday, June 23, 2011 2:27:19 PM
Rank: Member Joined: 1/3/2011 Posts: 129 Location: Nairobi		i thought one would hoard to speculate?
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Cde Monomotapa		#25 Posted : Thursday, June 23, 2011 2:27:56 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Horton wrote: Burning Spear wrote: its BBK,SCB and Citi Bank. indeed they should be shamed and probably their names to be revealed to the citizens.This would teach them a lesson. link tafadhali?? The press breifing is @3 p.m.
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Cde Monomotapa		#26 Posted : Thursday, June 23, 2011 2:35:07 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		We asked for CBK action..well after 3p.m we will all know. Just pray that u r not mentioned. Lol!
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Cde Monomotapa		#27 Posted : Thursday, June 23, 2011 2:37:15 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Feels like high school all over again date with the discipline master...pad ur bottoms well people. Tadow!!
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hisah		#28 Posted : Thursday, June 23, 2011 2:38:02 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		And the pretext continues... The number of KES topics on Bloomberg since March 2011 says a lot... http://topics.bloomberg.com/currency-market/ $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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KulaRaha		#29 Posted : Thursday, June 23, 2011 2:40:58 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		SAC Cohen wrote: i thought one would hoard to speculate? Yes, one hoards, but if one is hoarding in London or Dubai, what will CBK do about it? Business opportunities are like buses,there's always another one coming
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Cde Monomotapa		#30 Posted : Thursday, June 23, 2011 2:44:59 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		guru267 wrote: This is bullshit... CBK wishes to play the blame game and it is them who have failed to contol inflation.. Speculation is legal and they CANNOT touch these banks even if they tried The stability & intergrity of the banking system of any country is key. U of all people should know that instead of being oblivious of what happened abroad due to gross de-regulation of the financial sector. nkt!
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Horton		#31 Posted : Thursday, June 23, 2011 2:47:16 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Cde Monomotapa wrote: Feels like high school all over again date with the discipline master...pad ur bottoms well people. Tadow!! im sure its jes gonna be alot of words...n thats about it really!!
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FUNKY		#32 Posted : Thursday, June 23, 2011 3:07:17 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		Its already past 3 pm...any news guys?
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Horton		#33 Posted : Thursday, June 23, 2011 3:09:47 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Cde Monomotapa wrote: guru267 wrote: This is bullshit... CBK wishes to play the blame game and it is them who have failed to contol inflation.. Speculation is legal and they CANNOT touch these banks even if they tried The stability & intergrity of the banking system of any country is key. U of all people should know that instead of being oblivious of what happened abroad due to gross de-regulation of the financial sector. nkt! If we are going to embrace capitalism then we should take it all... i still would say CBK should have acted sooner rather than later... --Lack of inflows--poor agriculture --Low interest rates --High inflation --20% higher fuel bill per month paid in dollars all contribute to a higher dollar...all this albeit the fact that the USD is at a low as compared to the EURO. The good thing is it looks good for the shilling from here-on-end. Invest in KES!!
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Cde Monomotapa		#34 Posted : Thursday, June 23, 2011 3:10:11 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		FUNKY wrote: Its already past 3 pm...any news guys? Easy, easy...the Governor is still adjusting his tie.lol!
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selah		#35 Posted : Thursday, June 23, 2011 3:21:19 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		The last time I checked you cant repatriate more than $10k without notifying/being sanctioned by CBK. How 3 banks Repatriated 22B without CBK taking corrective measure is quite an interesting turn of events. Speculation can only be tackled if CBK calm the market by having concrete strategies of arresting the runaway inflation and Treasury showing its willingness to cut down govt waste that stifle economic growth. Am afraid CBK might bite the hand that feeds it a retaliation from banks can be disastrous. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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FUNKY		#36 Posted : Thursday, June 23, 2011 3:26:33 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		The $ 10K limit is only for individuals. For corporates as longa s you provide all the documents like IDF copy,Proforma Invoice you can transfer as much $$ you want.
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guru267		#37 Posted : Thursday, June 23, 2011 3:35:41 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Cde Monomotapa wrote: guru267 wrote: This is bullshit... CBK wishes to play the blame game and it is them who have failed to contol inflation.. Speculation is legal and they CANNOT touch these banks even if they tried The stability & intergrity of the banking system of any country is key. U of all people should know that instead of being oblivious of what happened abroad due to gross de-regulation of the financial sector. nkt! As long as speculation is legal then CBK can dance around and expose whoever they want but in the end thats all they can do as even more speculation will continue to prevail if they dont sit and deal with the real issues... Mark 12:29 Deuteronomy 4:16
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Horton		#38 Posted : Thursday, June 23, 2011 3:37:23 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		link 2: http://blogs.ft.com/beyo...a-shilling-in-free-fall/
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Cde Monomotapa		#39 Posted : Thursday, June 23, 2011 3:50:48 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		[quote=Horton]link 2: http://blogs.ft.com/beyo...-shilling-in-free-fall/[/quote] Yesterdays news. The Kes is @90.50 today.nkt!
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Cde Monomotapa		#40 Posted : Thursday, June 23, 2011 3:52:31 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		guru267 wrote: Cde Monomotapa wrote: guru267 wrote: This is bullshit... CBK wishes to play the blame game and it is them who have failed to contol inflation.. Speculation is legal and they CANNOT touch these banks even if they tried The stability & intergrity of the banking system of any country is key. U of all people should know that instead of being oblivious of what happened abroad due to gross de-regulation of the financial sector. nkt! As long as speculation is legal then CBK can dance around and expose whoever they want but in the end thats all they can do as even more speculation will continue to prevail if they dont sit and deal with the real issues... Whatever.
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