Wazua
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South Sudan Trading
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Meduza wrote:No we trade with them in US Dollar, with the entry of Equity and KCB in that market, we have been receiving payments in Dollars and if you also with there is the BPound too, but now the banks dont seem to have enough dollar to pay up, so am wondering what usually happen? why do the dollars disappear? Does someone hide aka black market? consider this the selling rate at a bank is 3.16, at black market its at 4.00, which market would you consider to be more liquid?
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Rank: Member Joined: 2/7/2013 Posts: 447 Location: Nairobi
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kizee1 wrote:Meduza wrote:No we trade with them in US Dollar, with the entry of Equity and KCB in that market, we have been receiving payments in Dollars and if you also with there is the BPound too, but now the banks dont seem to have enough dollar to pay up, so am wondering what usually happen? why do the dollars disappear? Does someone hide aka black market? consider this the selling rate at a bank is 3.16, at black market its at 4.00, which market would you consider to be more liquid? I guess black market...so someone is holding on to the dollar i guess hence the shortage. You cant win, unless you first begin....
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Rank: Member Joined: 2/7/2013 Posts: 447 Location: Nairobi
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But I have realised trading with these risk zones gives a bigger margin unlike the comfort zones/areas. Congo has the same problem, but those who trade with them, make good and higher margins. There will be delays in the banks coz their systems are not fully connected via the internet, or one region is at war but at the end of the day its business. You cant win, unless you first begin....
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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@Meduza, if you don't mind, what do you sell and what kind of returns are we talking about? "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Hello Joined: 6/14/2013 Posts: 2
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Meduza wrote:kizee1 wrote:Meduza wrote:No we trade with them in US Dollar, with the entry of Equity and KCB in that market, we have been receiving payments in Dollars and if you also with there is the BPound too, but now the banks dont seem to have enough dollar to pay up, so am wondering what usually happen? why do the dollars disappear? Does someone hide aka black market? consider this the selling rate at a bank is 3.16, at black market its at 4.00, which market would you consider to be more liquid? I guess black market...so someone is holding on to the dollar i guess hence the shortage. 400 was two weeks ago. Last week and this week banks havent received allocations.Right now as we speak the green its @ 420
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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mkulima young wrote:Meduza wrote:kizee1 wrote:Meduza wrote:No we trade with them in US Dollar, with the entry of Equity and KCB in that market, we have been receiving payments in Dollars and if you also with there is the BPound too, but now the banks dont seem to have enough dollar to pay up, so am wondering what usually happen? why do the dollars disappear? Does someone hide aka black market? consider this the selling rate at a bank is 3.16, at black market its at 4.00, which market would you consider to be more liquid? I guess black market...so someone is holding on to the dollar i guess hence the shortage. 400 was two weeks ago. Last week and this week banks havent received allocations.Right now as we speak the green its @ 420 yes @mkulima, and will get worse as al bashir has started sabre rattling
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Meduza wrote:But I have realised trading with these risk zones gives a bigger margin unlike the comfort zones/areas. Congo has the same problem, but those who trade with them, make good and higher margins. There will be delays in the banks coz their systems are not fully connected via the internet, or one region is at war but at the end of the day its business. try burundi as well, small economy but huge margins, very little FCY so anything imported is super expensive
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Rank: Hello Joined: 6/14/2013 Posts: 2
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kizee1 wrote:mkulima young wrote:Meduza wrote:kizee1 wrote:Meduza wrote:No we trade with them in US Dollar, with the entry of Equity and KCB in that market, we have been receiving payments in Dollars and if you also with there is the BPound too, but now the banks dont seem to have enough dollar to pay up, so am wondering what usually happen? why do the dollars disappear? Does someone hide aka black market? consider this the selling rate at a bank is 3.16, at black market its at 4.00, which market would you consider to be more liquid? I guess black market...so someone is holding on to the dollar i guess hence the shortage. 400 was two weeks ago. Last week and this week banks havent received allocations.Right now as we speak the green its @ 420 yes @mkulima, and will get worse as al bashir has started sabre rattling Some rebels have captured a town near Khartoum. They have given Bashir 100 days to step down or else... (the rebels never stated what they would do)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I play South Sudan via CFC. I think they should enter Burundi too....given the banks strong global markets team & international links ( SA & China) forex shouldnt been an issue.... 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:I play South Sudan via CFC. I think they should enter Burundi too.... Stanbic Ug is also looking at Burundi! I really wonder who Standard Bank will choose for the job? Mark 12:29
Deuteronomy 4:16
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