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USD at 90.00
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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Did this site exist the days I was trading forex? I dont know....
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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What time does this forex mkt close? It is still changing at 7.30p.m. Please educate a brother.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Cde Monomotapa wrote:Hey! Kes has cracked 90. Doing 89.95. Good news to Kenyans, I wish the tempo is maintained hope it is not temporary! The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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young wrote:Cde Monomotapa wrote:Hey! Kes has cracked 90. Doing 89.95. Good news to Kenyans, I wish the tempo is maintained hope it is not temporary! Same expectations here...
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:What time does this forex mkt close? It is still changing at 7.30p.m. Please educate a brother. Its 24/7...its back above 90.. I prefer a weak Sh...i'm expecting some cash from home and the current rates are too sweet...so the weak shilling it is...until that cheddar hits my bank account...i love capitalism...feeding on someones misery...no system as cruel as that.. 
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Thanks guys & QW specifically for CLICKING HERE!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Interesting- the 4 banks that CBK warned were- BBK, KCB, Stanchart and........................................................................................ Equity! Something going with this bank. The other day I read that after Citibank/Stnachart gave up being the bankers for the Linyan investors in Kenya (LAICO, Oil Libya) et al due to sanctions, Equity picked up the business. Sehemu ndio nyumba
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Ati KCB part of the big 4? Wololo..tihihi. Forex income should be over 1B in Q2 then
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:Ati KCB part of the big 4? Wololo..tihihi. Forex income should be over 1B in Q2 then Hehehe this coming from someone who said name and shame them....hehehe shame on KCB for arbitraging the CBK and pouring misery on Kenyans...
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Mainat, what's your source for this info. I am in no doubt regarding BBK & SCBK given their proclivity for corporate activity and forex funding requirements for their Multinational clients. But KCB? I actually spoke to some senior honcho over there and he seemed to suggest that they were not part of that clique...and I thought he should know. Mainat wrote:Interesting- the 4 banks that CBK warned were- BBK, KCB, Stanchart and........................................................................................
Equity!
Something going with this bank. The other day I read that after Citibank/Stnachart gave up being the bankers for the Linyan investors in Kenya (LAICO, Oil Libya) et al due to sanctions, Equity picked up the business.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@mwanahisa, would you honestly expect the honcho to confess that they are up to no good? I'm not saying that KCB is innocent.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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In this particular case, Yes, as I was asking the question in a different capacity. In any event, much as Njuguna has all over this issue, he has not given any indication that what the clique of banks have been doing is illegal. While one can argue about the morality of their profiteering, we as shareholders of these banks have given their management the mandate to make money for us and the more merrier. Gordon Gekko wrote:@mwanahisa, would you honestly expect the honcho to confess that they are up to no good? I'm not saying that KCB is innocent.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@Mainat, this story appears to disqualify both KCB and Equity from the list... http://www.theeastafrica...0/-/h7yo2u/-/index.html
According to the story, the Prof stated an investigation into trading trends conducted by the Central Bank had revealed three things Reason no. 3 was that the positions are largely associated with their group companies overseas. Both KCB and EB only have small subsidiaries in Eastern Africa which would not qualify them in this group. In my view, in addition to SCB & BBK, the other two would most likely be Citi and CFC Stanbic which traditionally also derive a bigger proportion of their income from forex trading as opposed to our big 2 home grown banks. I stand to be corrected all the same, but just let know the source(s) of your info. Mainat wrote:Interesting- the 4 banks that CBK warned were- BBK, KCB, Stanchart and........................................................................................
Equity!
Something going with this bank. The other day I read that after Citibank/Stnachart gave up being the bankers for the Linyan investors in Kenya (LAICO, Oil Libya) et al due to sanctions, Equity picked up the business.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Cde Monomotapa wrote:Ati KCB part of the big 4? Wololo..tihihi. Forex income should be over 1B in Q2 then Hehehe this coming from someone who said name and shame them....hehehe shame on KCB for arbitraging the CBK and pouring misery on Kenyans... Tihihi. hic*
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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BDA has now confirmed who Ndung'u was warning about their fx trading. Interesting line up. Equity has been getting a lot of Fx-related business thru its statehouse links. Also its regional business is all in fx. as is Co-op. http://bit.ly/pKdDiVSehemu ndio nyumba
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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New day for USD KESWhat with the liquidity Oooh so tight, and CBK discount window rate at 17.89%, and a clear direction downwards Check the graph http://www.xe.com/currencychart...&to=KES&view=12h and there's a new sheriff in town. But why oh why CBK did it take you so long... It's a new dawn
It's a new day
It's a new life
For me
And I'm feeling good
http://www.youtube.com/watch?v=JjtcOpM2vzU
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USD at 90.00
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