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USD/KES $ at 95
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mlennyma
#31 Posted : Friday, May 08, 2015 12:04:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mazingira wrote:
1.00 USD = 95.3651 KES courtesy XE

where can i get the cheapest dollar buying rate??anyone?
"Don't let the fear of losing be greater than the excitement of winning."
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Swenani
#32 Posted : Friday, May 08, 2015 12:12:07 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
mlennyma wrote:
mazingira wrote:
1.00 USD = 95.3651 KES courtesy XE

where can i get the cheapest dollar buying rate??anyone?



At the nearest forex or bank in 2014
If Obiero did it, Who Am I?
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majimaji
#33 Posted : Friday, May 08, 2015 12:27:15 PM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162

On cars, we still have few in the country compared to the population. Go to the rural kenya and it is quite clear that we need better and more roads and thus more vehicles to drive the economy.

The traffic jam issues mainly plague Nairobi because most of the vehicles are based here and by the fact that we have not built roads as planned to keep up with the economic growth
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mazingira
#34 Posted : Friday, May 08, 2015 12:59:03 PM
Rank: Member

Joined: 10/26/2012
Posts: 136
majimaji wrote:

On cars, we still have few in the country compared to the population. Go to the rural kenya and it is quite clear that we need better and more roads and thus more vehicles to drive the economy.

The traffic jam issues mainly plague Nairobi because most of the vehicles are based here and by the fact that we have not built roads as planned to keep up with the economic growth


Theres other means of transport that should be developed before roads and traffic plague the rural areas i.e. railways , monorails , trams . These should all be developed.

Rural kenya is pristine and beautiful we know we cant maintain roads properly so lets develop a system thats less intrusive more efficient and requires less upkeep
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mlennyma
#35 Posted : Friday, May 08, 2015 1:20:53 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Swenani wrote:
mlennyma wrote:
mazingira wrote:
1.00 USD = 95.3651 KES courtesy XE

where can i get the cheapest dollar buying rate??anyone?



At the nearest forex or bank in 2014

after walking around i find this pple exploiters,one nut was telling me 98
"Don't let the fear of losing be greater than the excitement of winning."
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agile
#36 Posted : Friday, May 08, 2015 1:35:34 PM
Rank: New-farer

Joined: 1/9/2015
Posts: 19
Location: NAIROBI
Paul Owuor wrote:
mazingira wrote:

With the US $ hitting 95 , Sterling touching 145 and the Euro 107 all imports just got hit , next comes the 15th when we need a few million dollars for fuel , a further outflow , power bills are all going to be adjusted TWICE remember forex adjustment and fuel adjustment levy.

Basically everything (since we are a nett importing country) just got more expensive thanks to this. INFLATION INFLATION INFLATION.

This has to be curbed , dont forget theres the first payment that should be going out for the Eurobond in a few months time and thats BIG money . If the dollar isnt controlled before that were looking at that 107 again and its trimmings

The CBK should sell dollars to commercial banks but I am doubtful as to whether it has enough reserves.

They are tiptoeing on the border line....buying the shilling tightens the liquidity and this would give give speculators fodder to drive it to nasty levels.....Remember Soros VS GBP, 1992 DRAMA??
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mlennyma
#37 Posted : Friday, May 08, 2015 1:57:19 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Swenani wrote:
mlennyma wrote:
mazingira wrote:
1.00 USD = 95.3651 KES courtesy XE

where can i get the cheapest dollar buying rate??anyone?



At the nearest forex or bank in 2014

i knew that but the rates are not the same just like interest rates vary from bank to bank
"Don't let the fear of losing be greater than the excitement of winning."
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mazingira
#38 Posted : Friday, May 08, 2015 3:19:51 PM
Rank: Member

Joined: 10/26/2012
Posts: 136
agile wrote:
Paul Owuor wrote:
mazingira wrote:

With the US $ hitting 95 , Sterling touching 145 and the Euro 107 all imports just got hit , next comes the 15th when we need a few million dollars for fuel , a further outflow , power bills are all going to be adjusted TWICE remember forex adjustment and fuel adjustment levy.

Basically everything (since we are a nett importing country) just got more expensive thanks to this. INFLATION INFLATION INFLATION.

This has to be curbed , dont forget theres the first payment that should be going out for the Eurobond in a few months time and thats BIG money . If the dollar isnt controlled before that were looking at that 107 again and its trimmings

The CBK should sell dollars to commercial banks but I am doubtful as to whether it has enough reserves.

They are tiptoeing on the border line....buying the shilling tightens the liquidity and this would give give speculators fodder to drive it to nasty levels.....Remember Soros VS GBP, 1992 DRAMA??



Not only speculators , i don't really think anyone but he/she who really needs Dollars will be buying but we traditionally buy/ import fuel next week for this unless theres already a buffer in place were in soup. Even with a buffer were still expecting a giant outflow of foreign currency , this will effectively increase the deficit on the current account and further negate the balance of balance of payments . In other words were in for at least another 2 shillings hit the way i see it
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Ericsson
#39 Posted : Monday, May 11, 2015 10:03:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Kenya to auction 2 year and 10 year treasury bonds worth sh.20bn in May.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mazingira
#40 Posted : Monday, May 11, 2015 10:29:30 AM
Rank: Member

Joined: 10/26/2012
Posts: 136
Ericsson wrote:
Kenya to auction 2 year and 10 year treasury bonds worth sh.20bn in May.


They are trying to mop up excess liquidity , putting a bandage on a leak , the shillings dropped further , current rate is

1.00 USD = 95.7556 KES , courtesy XE
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