FigsedAt this point, no one seems very sure what the actual value of the shilling is despite the Forex market operating on a floating basis. My guesstimate is 150 to the $.
Your wish. Will never see the daylightsIn just 9 days the world's best performing currency has depreciated by 6 bob.
What is happening @Denis Young @pop in @Kasaman
June itakuwa wapi?
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I'm not wishing anything. But I'm just asking for your expertiseYour wish. Will never see the daylights
There's nothing as bad as an unpredictable currency.At this point, no one seems very sure what the actual value of the shilling is despite the Forex market operating on a floating basis. My guesstimate is 150 to the $.
There's nothing personal here petrol , unga stima etc etc zikipada we are all hit ! Bei ikishuka tunashukuruI'm not wishing anything. But I'm just asking for your expertise
You mismanaged the economy.There's nothing personal here petrol , unga stima etc etc zikipada we are all hit ! Bei ikishuka tunashukuru
Nasitaenda ngambo kama nyinyi !
Sasa we sit do , order a beer and continue whening ?You mismanaged the economy.
No I'm not whining. I'm opening your eyes and mind so that next time you don't the mistake of waking up at 4am to vote such charactersSasa we sit do , order a beer and continue whening ?
No I'm not whining. I'm opening your eyes and mind so that next time you don't the mistake of waking up at 4am to vote such characters
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Akuna mistake ilifanyika !No I'm not whining. I'm opening your eyes and mind so that next time you don't the mistake of waking up at 4am to vote such characters
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Common sense. We need to raise $500M for the final Eurobond payment in June. A sharp depreciation indicates a high demand for dollars, institutional even.In just 9 days the world's best performing currency has depreciated by 6 bob.
What is happening @Denis Young @pop in @Kasaman
June itakuwa wapi?
View attachment 94554
After paying off the Eurobond where will the shilling stabilise at?Common sense. We need to raise $500M for the final Eurobond payment in June. A sharp depreciation indicates a high demand for dollars, institutional even.
Put two and two together. This pull back is temporary. Try and speculate against the shilling and you will join those who did so when it dropped from 160.
First of all it is not about paying the Eurobond. The question here is dollar demand. The bond was the single most point of high dollar demand which is why speculation was so high.After paying off the Eurobond where will the shilling stabilise at?
Our productivity is low so we are not earning much from exports. For the rate to go to 130 the CBR rate will need to be increased. That will hurt other sectors of the economy. If interest rates are maintained, dollar will be 140-150First of all it is not about paying the Eurobond. The question here is dollar demand. The bond was the single most point of high dollar demand which is why speculation was so high.
Not sure we have another event that might trigger such sharp demand anytime soon. So under 130 by end of June feels like a reasonable rate.