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Muranga

Village Elder
#1
1 USD =Ksh100.15
I have a feeling by the time Patrick Njoroge takes office and Obama visiting Kenya.The Ksh will weaken to Ksh 130.
 
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Muranga

Village Elder
#7
The dollar is strengthening against all currencies. The U.S economy is doing well and trying to fight depreciation will be like trying to force a backyard-lover to get intrested in pu**y, it wont work. the cbk will just be diminishing its dollar reserves.
Cbk and the govt at large should try and win back investor confidence so the Ksh can recover.
 

Mwananchi

Senior Villager
#8
Kenya's Current Account Deficit is past the KES 1 Trillion Mark. Ten years ago in 2005, The Shilling reached an impressive KES 71 to the USD. The MAIN reason for this were because (1)The Republic had just elected a new President in over 2 decades who campaigned under the banner of non-corruption. As a result, investor confidence was at an all time HIGH. (2)All time low Bank Interest rates encouraged entrepreneurs to borrow from banks, this small to Medium Enterprises generated significant Cash Flow with the Economy in addition to creating employment (3)Despite the infamous Anglo Leasing Scandal that had Githongo resign, investors still had confidence on the War On Corruption and continued Investing in Infrastructure and Construction. Fast Forward to Today, Bank Interest Rates are at over 10% compared to 0.83% a decade ago. Corruption Scandals go deeper than the Mariana's Trench, Insecurity has affected tourism at the Coast.
It really is a Miracle we are on the fringes of 100, at this rate if the variables remain constant expect 150 or more unless Kibakinomics is applied. Hopefully the new CBK Governor applies corrective action.
 

WuTang

Village Chief
#9
The slide will continue lakini the rate won't reach 130 by end of July. I think we need a more realistic perspective.
 

Mr Black

Village Elder
#10
Kenya's Current Account Deficit is past the KES 1 Trillion Mark. Ten years ago in 2005, The Shilling reached an impressive KES 71 to the USD. The MAIN reason for this were because (1)The Republic had just elected a new President in over 2 decades who campaigned under the banner of non-corruption. As a result, investor confidence was at an all time HIGH. (2)All time low Bank Interest rates encouraged entrepreneurs to borrow from banks, this small to Medium Enterprises generated significant Cash Flow with the Economy in addition to creating employment (3)Despite the infamous Anglo Leasing Scandal that had Githongo resign, investors still had confidence on the War On Corruption and continued Investing in Infrastructure and Construction. Fast Forward to Today, Bank Interest Rates are at over 10% compared to 0.83% a decade ago. Corruption Scandals go deeper than the Mariana's Trench, Insecurity has affected tourism at the Coast.
It really is a Miracle we are on the fringes of 100, at this rate if the variables remain constant expect 150 or more unless Kibakinomics is applied. Hopefully the new CBK Governor applies corrective action.
Boss, what corrective action is this the CBK Governor can take to arrest further Kshs Depreciation?

You just listed an impressive breakdown of where we have gone wrong, unless we fix these areas we remain at the mercy of harsh realities.
 

Jirani

Village Elder
#11
The dollar is strengthening against all currencies. The U.S economy is doing well and trying to fight depreciation will be like trying to force a backyard-lover to get intrested in pu**y, it wont work. the cbk will just be diminishing its dollar reserves.
1 euro = 110Ksh.
 
D

Deleted member 1310

Guest
#13
The dollar is strengthening against all currencies. The U.S economy is doing well and trying to fight depreciation will be like trying to force a backyard-lover to get intrested in pu**y, it wont work. the cbk will just be diminishing its dollar reserves.
Quote credible sources please. I'd like to see one article from a source which isn't dickriding the US.
 

troller

Village Elder
#15
our new CBK Governor cant stop the dollar from appreciating, the best we can do is to hope Obama comes with some serious investors to pour dollars into this country, otherwise Ksh to the dollar will hit 120-130 by Dec.
 

LINANI

Village Elder
#17
The Dollar appreciation is NOT a kenyan problem, if it were a kenyan problem, the Ugandan shilling and Tanzanian shilling would be gaining against the kenyan shilling which is not happening, read @joeys comment above
 

WuTang

Village Chief
#18
The Dollar appreciation is NOT a kenyan problem, if it were a kenyan problem, the Ugandan shilling and Tanzanian shilling would be gaining against the kenyan shilling which is not happening, read @joeys comment above
The Naira and SA rand have even experienced a slide against the dollar. Yeah. It is a global problem not just Kenyan.
 
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