Kenya shilling hits strongest level in nearly two years

MK254 · Apr 17, 2018

The Kenyan shilling strengthened to its highest level against the dollar since May 2016 on Tuesday, traders said.

The shilling was quoted at 100.35 per dollar, up from Monday's close of 100.60.

Traders attributed the strengthening to banks cutting their dollar holdings.

Cash ratio reserves
"People are unwinding long dollar positions to fund their CRR (cash ratio reserve) positions on the money market side and also we are approaching due date for tax obligations which banks will be remitting to CBK," said a trader from a commercial bank.

The shilling has been firmer this year, mainly due to the reduction of political risk after last year's presidential election, which has boosted foreign investment inflows.

The hard currency reserves held by the central bank have also risen to record highs.

Kenya shilling hits strongest level in nearly two years

Geza Ulole · Apr 17, 2018

After boosting foreign reserve to improve liquidity via taking painful loans through Euro bonds e.t.c

Mkikuyu- Akili timamu · Apr 17, 2018

Shilling strong due to The temporaly Tax break given by EU on flower import plus ofcourse CBK has $2bn From eurobond.
Very silly reporting bordering on gutter press

mombasite gabriel · Apr 17, 2018

geza ulole na mkikuyu akili timamu ni MTU mmoja ....pelekeni utoto wenu huko

Mkikuyu- Akili timamu · Apr 17, 2018

mombasite gabriel said:
geza ulole na mkikuyu akili timamu ni MTU mmoja ....pelekeni utoto wenu huko

You know,I dont torelate trolling. . But normaly am a very generous person, I give you two options
1)Behave like the Old Menapause Shemale Slayqueen MK254 and use your puffed up female hormones to block me.
2) Lets see who has the monopoly for stupidity
Consider yourself warned

BlietzKrieg · Apr 17, 2018

faida za handshake RAO/UK zinaanza kuonekana

MK254 · Apr 17, 2018

BlietzKrieg said:
faida za handshake RAO/UK zinaanza kuonekana

That handshake has its magic, let's hope it lasts, I really hate when the country is held hostage by politician.
A simple handshake has caused our shilling to strengthen.

thisdayes · Apr 17, 2018

Kama una lenga kuwa exporter zaidi kuliko importer hii siyo habari nzuri, Hii ndiyo sababu China anajitaidi siku zote pesa yake iwe chini.

MK254 · Apr 17, 2018

thisdayes said:
Kama una lenga kuwa exporter zaidi kuliko importer hii siyo habari nzuri, Hii ndiyo sababu China anajitaidi siku zote pesa yake iwe chini.

Nchi kama yenu ambayo huagiza hata sindano kutoka nje haifai kuachia hela iwe madafu. Shilingi yenu ya ovyo sana, kwa sisi ambao tunafanya cross-border consultancy huwa tunaadhirika sana, na ndio maana umuhimu wa kufanya quotation kwa dollar, sio unataja mamilioni ya Kitanzania halaafu ukibadilisha kuja kwa shilingi ya Kenya inakua kilio.

Mkikuyu- Akili timamu · Apr 17, 2018

MK254 said:
Nchi kama yenu ambayo huagiza hata sindano kutoka nje haifai kuachia hela iwe madafu. Shilingi yenu ya ovyo sana, kwa sisi ambao tunafanya cross-border consultancy huwa tunaadhirika sana, na ndio maana umuhimu wa kufanya quotation kwa dollar, sio unataja mamilioni ya Kitanzania halaafu ukibadilisha kuja kwa shilingi ya Kenya inakua kilio.

You clearly did not understand what thisdayes said. A weak Currency Favours exports, a Strong currency Favours imports. Tz is Fast moving towards import substitution and focus is on exports.
You need some schooling

thisdayes · Apr 18, 2018

Mkikuyu- Akili timamu said:
You clearly did not understand what thisdayes said. A weak Currency Favours exports, a Strong currency Favours imports. Tz is Fast moving towards import substitution and focus is on exports.
You need some schooling

Thanks my fellow learned brother, i find it difficult to educate sluggards who unfortunately are many in numbers in here but you make it look easy.

NairobiWalker · Apr 18, 2018

thisdayes said:
Kama una lenga kuwa exporter zaidi kuliko importer hii siyo habari nzuri, Hii ndiyo sababu China anajitaidi siku zote pesa yake iwe chini.

Wewe utakuwa mwehu. Mbona nyinyi thamani ya pesa yenu iko chini na bado hamna cha maana mnachoexport? Hata viberiti mnaimport?

MK254 · Apr 18, 2018

thisdayes said:
Thanks my fellow learned brother, i find it difficult to educate sluggards who unfortunately are many in numbers in here but you make it look easy.

Unamfundisha nani, mimi nakueleza kutokana na uzoefu wa

NairobiWalker said:
Wewe utakuwa mwehu. Mbona nyinyi thamani ya pesa yenu iko chini na bado hamna cha maana mnachoexport? Hata viberiti mnaimport?

Ndio nawashangaa, huwa wanapenda kutolea mifano ya sarafu ya Japan, ilhali hawajui Japan haitegemei sana kununua bidhaa nje, hawa hata sindano na pipi/sweets wana import.

thisdayes · Apr 18, 2018

NairobiWalker said:
Wewe utakuwa mwehu. Mbona nyinyi thamani ya pesa yenu iko chini na bado hamna cha maana mnachoexport? Hata viberiti mnaimport?

MK254 said:
Unamfundisha nani, mimi nakueleza kutokana na uzoefu wa

Ndio nawashangaa, huwa wanapenda kutolea mifano ya sarafu ya Japan, ilhali hawajui Japan haitegemei sana kununua bidhaa nje, hawa hata sindano na pipi/sweets wana import.

Mipovu inawatoka tu, nendeni kaangalie balance of payment ya TZ kuanzia 2015 mtaelewa vizuri. Vitu haviwezi kubadilika ghafla tatizo lenu liko hapo, ndiyo maana kila siku mna taka muone SGR ya TZ. Mfano Kenyan exports to Tz ziko at all time low unazani hiyo ni bahati mbaya! ni kweli tulikua na bado tupo kwenye hali mbaya ila jitihada za makusudi zinafanyika. Mfano mpaka 2020 mpango ni Tz kuzalisha sukuri nyingi kuliko mahitaji yake na sasa hivi viwanda vinajengwa there fore hakutakua na importation of sugar tuta anza ku export sugar. 96% ya dawa tuna agiza ila mpango by 2025 tuwe tuna agiza only 50%. Mifano ni mingi kila sector importation zinaenda zikipungua.. Sector ya ujenzi(nondo, gypsum, tiles, cement hii tumesha malizana nayo) kilimo (mbolea, matrekta) e.t.c. and ofcourse our low currency will come handy, infact its handy already go to the nearest store ask for azam energy drink you will comprehend what i have been trying to say all along.

Mkikuyu- Akili timamu · Apr 18, 2018

thisdayes said:
Mipovu inawatoka tu, nendeni kaangalie balance of payment ya TZ kuanzia 2015 mtaelewa vizuri. Vitu haviwezi kubadilika ghafla tatizo lenu liko hapo, ndiyo maana kila siku mna taka muone SGR ya TZ. Mfano Kenyan exports to Tz ziko at all time low unazani hiyo ni bahati mbaya! ni kweli tulikua na bado tupo kwenye hali mbaya ila jitihada za makusudi zinafanyika. Mfano mpaka 2020 mpango ni Tz kuzalisha sukuri nyingi kuliko mahitaji yake na sasa hivi viwanda vinajengwa there fore hakutakua na importation of sugar tuta anza ku export sugar. 96% ya dawa tuna agiza ila mpango by 2025 tuwe tuna agiza only 50%. Mifano ni mingi kila sector importation zinaenda zikipungua.. Sector ya ujenzi(nondo, gypsum, tiles, cement hii tumesha malizana nayo) kilimo (mbolea, matrekta) e.t.c. and ofcourse our low currency will come handy, infact its handy already go to the nearest store ask for azam energy drink you will comprehend what i have been trying to say all along.

Goodluck educating fools. They only think of imports, thats why instead of growing food, kenya is looking for an alternative routes to transport imported Maize.

Bottas · Apr 18, 2018

thisdayes said:
Mipovu inawatoka tu, nendeni kaangalie balance of payment ya TZ kuanzia 2015 mtaelewa vizuri. Vitu haviwezi kubadilika ghafla tatizo lenu liko hapo, ndiyo maana kila siku mna taka muone SGR ya TZ. Mfano Kenyan exports to Tz ziko at all time low unazani hiyo ni bahati mbaya! ni kweli tulikua na bado tupo kwenye hali mbaya ila jitihada za makusudi zinafanyika. Mfano mpaka 2020 mpango ni Tz kuzalisha sukuri nyingi kuliko mahitaji yake na sasa hivi viwanda vinajengwa there fore hakutakua na importation of sugar tuta anza ku export sugar. 96% ya dawa tuna agiza ila mpango by 2025 tuwe tuna agiza only 50%. Mifano ni mingi kila sector importation zinaenda zikipungua.. Sector ya ujenzi(nondo, gypsum, tiles, cement hii tumesha malizana nayo) kilimo (mbolea, matrekta) e.t.c. and ofcourse our low currency will come handy, infact its handy already go to the nearest store ask for azam energy drink you will comprehend what i have been trying to say all along.

Typical Tanzanian rhetorics ....tuta, tume, tuki,

thisdayes · Apr 18, 2018

Bottas said:
Typical Tanzanian rhetorics ....tuta, tume, tuki,

Booty ass kama umesoma nime eleza tatizo lenu lakutaka vitu vitokee ghafla and here you prove my point.

Jay456watt · Apr 18, 2018

wanaagiza mpaka sindano...duh!

Kafrican · Apr 18, 2018

thisdayes said:
Mipovu inawatoka tu, nendeni kaangalie balance of payment ya TZ kuanzia 2015 mtaelewa vizuri. Vitu haviwezi kubadilika ghafla tatizo lenu liko hapo, ndiyo maana kila siku mna taka muone SGR ya TZ. Mfano Kenyan exports to Tz ziko at all time low unazani hiyo ni bahati mbaya! ni kweli tulikua na bado tupo kwenye hali mbaya ila jitihada za makusudi zinafanyika. Mfano mpaka 2020 mpango ni Tz kuzalisha sukuri nyingi kuliko mahitaji yake na sasa hivi viwanda vinajengwa there fore hakutakua na importation of sugar tuta anza ku export sugar. 96% ya dawa tuna agiza ila mpango by 2025 tuwe tuna agiza only 50%. Mifano ni mingi kila sector importation zinaenda zikipungua.. Sector ya ujenzi(nondo, gypsum, tiles, cement hii tumesha malizana nayo) kilimo (mbolea, matrekta) e.t.c. and ofcourse our low currency will come handy, infact its handy already go to the nearest store ask for azam energy drink you will comprehend what i have been trying to say all along.

You only deliberately lower your currency if the trade deficit is highly in your favour by a big margin. You DO NOT lower it before that happens. Or else you just hurt yourself... in 2016 you exported products worth $4.7B while importing $7.8B leaving a trade deficit of $3B... thats simple maths, losering currency now means this you brobably spent like $3.5B tanzanian equivalent to buy $3B worth of goods. ... So wacheni hizo theory za kijinga eti you did it on purpose, The truth is Tz economy is not in control of its currency

Mkikuyu- Akili timamu · Apr 18, 2018

Kafrican said:
You only deliberately lower your currency if the trade deficit is highly in your favour by a big margin. You DO NOT lower it before that happens. Or else you just hurt yourself... in 2016 you exported products worth $4.7B while importing $7.8B leaving a trade deficit of $3B... thats simple maths, losering currency now means this you brobably spent like $3.5B tanzanian equivalent to buy $3B worth of goods. ... So wacheni hizo theory za kijinga eti you did it on purpose, The truth is Tz economy is not in control of its currency

Making sure that Currency is weak is a policy intervention for a government agressively pursuing import substitution through industrialisation. Its an incentive to local industries to manufacture goods previously imported. JPM is agressively pursuing import substitution

Kenya shilling hits strongest level in nearly two years

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