Tz vs Kenya

Purple

Moderator
Staff member
#24
There is a saying that ties the guilty to fear....
@gashwin is that sentence grammatically correct?
Ah ni wewe, how predictable. You remind me of those hideous vultures always swarming in the sky for dead carcass. I’ll educate you this once. The term reasoning is singular; thereby whatever follows must be in singular form as well.
 

othello

Village Elder
#25
No you’re wrong. In the purest form of definition, a country’s currency is tied closely to the economic strength of that country-due to supply and demand forces.

Although GDP is more commonly used to determine the size of a country’s economy, the strength of a currency is a close correlate.
I agree with you that economic drivers drive currencies too. But how do you explain that Kenyan economy has grown since yr 2002 yet kSh has lost its value too? Did the Kenyan govt devalue the ksh too? Economic growth is not the only driver. Alaf yako is the worst form of reasoning. It's as if we're working on 'directly proportional' form 2 mathematics.
 

Purple

Moderator
Staff member
#28
Ka-mum hapa umeniangusha
Sorry, hakuna kitu ya maana umesema...


I agree with you that economic drivers drive currencies too. But how do you explain that Kenyan economy has grown since yr 2002 yet kSh has lost its value too? Did the Kenyan govt devalue the ksh too? Economic growth is not the only driver. Alaf yako is the worst form of reasoning. It's as if we're working on 'directly proportional' form 2 mathematics.
Sure the economy has grown but how much has it expanded in relation to the currency which it is pegged on? For the IMF to come out and brand the Ksh as a managed currency, not a floating one speaks volumes. I believe 2019 is the year to watch, ngoja tu uone vile katanuka.

““For months now, the shilling has exchanged at around 100 units against the dollar, despite shocks of IMF facility withdrawal and raising of the United States Federal rates by 0.25 eight per cent to 2.25 per cent.

The shilling is a sensitive subject for the country’s authority since with every percentage devaluation, the size of external debt grows.

“Given the continued appreciation of the real exchange rate, the external position is assessed to be weaker than fundamentals,” said IMF.””
 

sani

Village Elder
#33
Arm-twisting tactics since the 1980s. China came.
michael "ranebaga" met with the deputy prime minister who is also the minister for finance, yesterday at the request of western ambassadors....uhuru alisemaje kuhusu china io siku? china are vultures just like imf, and they know kenya is on deathbed, hawaendagi mahali kwa uzuri...will post wat they discussed tomorrow
 

gashwin

Village Sponsor
#34
michael "ranebaga" met with the deputy prime minister who is also the minister for finance, yesterday at the request of western ambassadors....uhuru alisemaje kuhusu china io siku? china are vultures just like imf, and they know kenya is on deathbed, hawaendagi mahali kwa uzuri...will post wat they discussed tomorrow
If you were old enough between 1980 and 2002 you would know nothing IMF prescribed for the economic recovery of African countries ever worked. With China we at least have a dirty expensive white elephant modern railway with old engines to show.....There, I saved you the trouble of describing the SGR.
 

sani

Village Elder
#35
If you were old enough between 1980 and 2002 you would know nothing IMF prescribed for the economic recovery of African countries ever worked. With China we at least have a dirty expensive white elephant modern railway with old engines to show.....There, I saved you the trouble of describing the SGR.
the railway is good for the eyes. for the masses to feel something is being done. but when you get down to the final account you get a loss. and Chinese are ruthless just like imf. Uhuru said "once kenya becomes stable, its obvious they will bring their conditions (Chinese)"
 

Purple

Moderator
Staff member
#36
@Purple explain to us then why the Kuwait currency (Dinar) is exchanged at 3.2USD.
Their economy is very strong due to oil exports. Kuwait is one of the top 5 richest countries in the world per capita. Because of their strong and stable economy, the Kuwait dinar is a highly sought after currency.
 
Top