Ksh 128.5 To the Dollar - What is happening?

[sema]

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Shilling is getting pummeled. What is going on here?

[RV Pundit]

It certainly weakened - after xmas festivals when economy shutdown - there is demand for dollars now as importers get back to business.

CBK since 2020 - IMF taking over - no longer intervenes - so well shall see.


https://www.centralbank.go.ke/forex/

[Kadudu]

Ksh has lost ground als to the Euro. Now trading at Ksh. 134.

[Nowayhaha]

https://www.the-star.co.ke/business/kenya/2023-01-19-gloomy-outlook-for-kenya-as-interest-rates-projected-to-rise/
The recent rise in global interest rates and US Dollar strength has resulted in capital outflows from Emerging and Frontier markets, as US Dollar assets have become more attractive.

This has also limited the capacity of developing countries like Kenya to access international debt markets, causing significant challenges and vulnerabilities to these economies.

[KenyanPlato]

the claim by Njenga is that the depreciation is being manipulated. the real value is 200 shs but some sort of imf arrangement is in place to depreciate it ny 2 shs every two weeks

[patel]

They should let it fall to its true value 200sh.

the claim by Njenga is that the depreciation is being manipulated. the real value is 200 shs but some sort of imf arrangement is in place to depreciate it ny 2 shs every two weeks

[KenyanPlato]

They should let it fall to its true value 200sh.

the claim by Njenga is that the depreciation is being manipulated. the real value is 200 shs but some sort of imf arrangement is in place to depreciate it ny 2 shs every two weeks

the slow,depreciation is part of fiscal policy I heard. need to read up on it

[sema]

the slow,depreciation is part of fiscal policy I heard

And the goal of this fiscal policy is what?

[KenyanPlato]

the slow,depreciation is part of fiscal policy I heard

And the goal of this fiscal policy is what?

increase revenues..exports earn more, manage debt  ratio and deficit.  some economics voodoo that is too slippery to make sense of it. you know economics is a pseudoscience

will eventually discourage make imports unaffordable thus saving fx

[Georgesoros]

It is not anything that Kenya is doing, or not doing, rather cheap money is disappearing and reality is setting in. Interest rates matter. Emerging economies will be hit hardest. In the develped world middle class will be hit with high rates while Musks' et al celebrate.

[einstein_g]

I hear from people in Ghana that the cedi is depreciating much faster than the shilling

[Stockguru]

I hear from people in Ghana that the cedi is depreciating much faster than the shilling

Ghana defaulted on her debt. Cedi going down completely. Ghana political elite have been stealing from the treasury like no one's business.

nana is another Uhuru or Tshikiendi a dynasty kid that thinks talking Nyeeeeweeee English makes them smart. Jamaa is the most overrated politician in West Africa

I knew he had lost his mind when he went around begging people for money to build a Cathedral in Ghana. he gives very good speeches but beyond that yeye ni bure

RIP Jerry Rawlings. Rawlings was hated by these people because he had no time for their nonsense. He was giving them hell even after he had retired. Ghana needs another Rawlings to cleanse that country of leeches

Ghana is is another Nigeria but with polite thieves

[Kadudu]

Nana appointed his villagemates to high postions in government. Bure kabisa. The man squadered a good chance to make Ghana great again. Now the former president John Mahama another thief is on his way back to power. Ghanians says Mahama was the smaller thief.

Ghana defaulted on her debt. Cedi going down completely. Ghana political elite have been stealing from the treasury like no one's business.

nana is another Uhuru or Tshikiendi a dynasty kid that thinks talking Nyeeeeweeee English makes them smart. Jamaa is the most overrated politician in West Africa

I knew he had lost his mind when he went around begging people for money to build a Cathedral in Ghana. he gives very good speeches but beyond that yeye ni bure

RIP Jerry Rawlings. Rawlings was hated by these people because he had no time for their nonsense. He was giving them hell even after he had retired. Ghana needs another Rawlings to cleanse that country of leeches

Ghana is is another Nigeria but with polite thieves