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USD/KES $ at 95
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mnandii
#191 Posted : Friday, September 11, 2015 6:50:36 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Quote:
Central Bank must stop use of dollars in the economy for local transactions


link

A person who calls himself an investment analyst can suggest such crap? Shame on you
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Cde Monomotapa
#192 Posted : Friday, September 11, 2015 7:23:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mnandii wrote:
Quote:
Central Bank must stop use of dollars in the economy for local transactions


link

A person who calls himself an investment analyst can suggest such crap? Shame on you


What I describe as the snowballing of storm in a tea cup reporting.

The reporter wrote of 2 companies who in my understanding received those instructions from their offshore HQs. Then went ahead with a horror headline.

Secondly, banks have taken up USD senior debt to facilitate their clients involved in Exim business which is good for FX risk management. However, woe unto those who in turn do sell in KES.

Lastly, this USD gyrations could be over by next week. Let's see with the Fed.
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  | | Edit by user: Friday, September 11, 2015 7:34 AM | Reason: Not specified
streetwise
#193 Posted : Friday, September 11, 2015 8:23:27 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
What does the guy consider a local transaction. Even matatu fare is not a local transaction. Why I say so, because they depend of fuel cost , which depends on the dollar.
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Cde Monomotapa
#194 Posted : Friday, September 11, 2015 8:29:19 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
streetwise wrote:
What does the guy consider a local transaction. Even matatu fare is not a local transaction. Why I say so, because they depend of fuel cost , which depends on the dollar.


Solution? Import substitution. Lakini, Wakenya wanapenda vitu za ku? Za Kucome...
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Pesa Nane
#195 Posted : Friday, September 11, 2015 12:53:48 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Cde Monomotapa wrote:
streetwise wrote:
What does the guy consider a local transaction. Even matatu fare is not a local transaction. Why I say so, because they depend of fuel cost , which depends on the dollar.


Solution? Import substitution. Lakini, Wakenya wanapenda vitu za ku? Za Kucome...

Naturalized kweli smile
Pesa Nane plans to be shilingi when he grows up.
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iris
#196 Posted : Tuesday, September 15, 2015 10:22:13 AM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
For the FOREX gurus on Wazua, where can one get the best rates when selling US dollars for KES?
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Impunity
#197 Posted : Tuesday, September 15, 2015 2:21:18 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
iris wrote:
For the FOREX gurus on Wazua, where can one get the best rates when selling US dollars for KES?


Eastleigh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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iris
#198 Posted : Tuesday, September 15, 2015 2:46:51 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
Where in Eastleigh? Is it legal?
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muganda
#199 Posted : Thursday, October 08, 2015 10:30:38 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
The problem with economists and traders, they can be far moodier than the markets. Usd/Kes around 103.15. Oh ye resident analysts, is it going up or down by Dec?
Quote:
An interesting Trade would be to buy 1 Year T-Bills which will print a
20% handle this week and look to finance the Position versus Dollars.
This is of course called the ''Carry'' Trade. The Foreign Exchange
Rate is key and was last trading at 103.43 and the Trade looks
compelling in my opinion. The Central Bank has established his
credentials in very short order and that establishment of his
inflation-busting credentials [by the way there isn't any] will I
believe also allow him to take his Foot off the interest rate
Accelerator in due course.
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  | | Edit by user: Thursday, October 08, 2015 10:31 AM | Reason: Not specified
KulaRaha
#200 Posted : Thursday, October 08, 2015 11:03:58 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Usd at 100 at year end, unless CBK borrows externally, then 105 to 110.
Business opportunities are like buses,there's always another one coming
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