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Big banks to blame??

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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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