Petition: Beno Ndulu should resign!

Brother my worries have been confirmed: That you have nothing between your ears. You have not come out clean on why the alleged slump of our shilling happened and whether or not this is phenomenon across the entire East African Region. You are linking him with IPTL, the same way some naïve politicians and guns for hire are agitating. Why would you bay for his blood in IPTL? Is it because money was kept in BOT and release after all necessary safeguards had been fulfilled? Is it because he wanted that the process should be in conformity with what the Escrow Agreement dictates? If you think this is how the country ought to be governed then you are doomed. If you knew a thing about economics, you would not volunteer to embarrass yourself with this hopelessness you are posting in here.
 
You problem you are the who doeeny know anything about economics. I clearly stated that shilling slump cannnot alone be explained by fundamentals and comparing us with kenya and uganda does not make sense. Go read the previous post. You did not reply to it because you have nothing to say.

the one who doent understand economics is you. Its seems you don t even know that the tz currency has deprecated more than kes and ugx since the start of the year.

the iptl issue is simple. The foreign currency that was suppose to be injected into tbe economy did not materialize because of our corrupt leaders! I don t know how hard is that for you to understand! . Thick head!

Its seems you are in the minority of those who are benefiting from the depreciation.
 
The link is simple; why wouls the government delay the report? Are the donors just stupid to cut aid? I dont think so! You ask for 45 days and take 6 months?
 
Fx Trader said:
The link is simple; why wouls the government delay the report? Are the donors just stupid to cut aid? I dont think so! You ask for 45 days and take 6 months?
Click to expand...

This is the BoT standing position with their money policy


Sidhani kama IPTL pekee ndio kigezo cha kushuka kwa shillingi as you have previously posted kwenye hiyo nakala ya citizens imeeleza kuna balance of trade mafuta yakichangia na kushuka kwa pato la dhahabu. Isitoshe kuna economical activities ambapo labda wanunuaji wa ndani wanaiweka dollar as reserve of their savings, biashara zinazotumia dollar how much do they return that money in the seculation etcetera to do with economic activities: BoT kuweka hela katika mazingira hayo ni kuchochea tabia.

Ndio maana na wao wanasema itabidi waangalie macro-economics wakishirikiana na other regulators.

Kingine pairing EAC currencies with the dollar equally does not make sense kwa sababu tuna different economic activities Kenya wanalaumu an increase in machinery importation to meet their vision 2030 inachangia kupunguza balance of trade. Wakati sisi uigizaji wa mafuta unaotumika kwenye kufanya exploration unachangia kwenye balance of payments.

Kwa hivyo pairing-wise against the vehicle currency does not make sense if you look at the economic activities of the region and their macroeconomics activities. Mkuu haya maswala sio raisi as just to the explanation of donors decisions to with held almost $600 dollars, wakati kuna watu huko baharini wanatumia almost a $1 mil a day in their exploration activities dont you think they contribute to the balance of payments too. Sasa solution inawezakuwa increasing exportation na hayo maswala yanataka masoko na bidhaa za ku-export to.

Ni hivi ukuaji wa uchumi unakuja na changamoto zake especially if you are a currency trader. Isitoshe as a trader you are meant to be flexible and not being accustomed to a certain position that is how cookie crumbles in currency trading. Nachokubaliana na wewe ni BoT kutoa ufafanuzi of the reasons mara kwa mara hili watu wajue wanafanya nini.
 

Mkuu. Ungeandika kwa kiswahili ungepungukiwa na nini? Au kuwa msomi lazima utumie lugha ya wakoloni? Acha kuendekeza ukoloni mamboleo.
 


Lakini Mkuu hawa jamaa si huwa wananunua Mafuta kila baada ya Miezi Mitatu au sijuhi mwezi mmoja kwahiyo effects ya hizo bei nadhani muda bado.
 
kulikuwa na thread hapa ya Ndullu na bodi nzima kujiuzulu

Of course watu wa Usalama humu JF waliifunga

dont ask me why
 
My frds we are experiencing a home made currency crises: shillingi imapormoka to a 3 year low of 1725! Kweli mafisadi wamashinda! IPTL BINGWA! VERY SAD!


Brace for tougher times! Higher inflation and therefore higher cost of living!
 
Bei ya mafuta imeshuka sana, wanachofanya akina Riziwani Kikwete na makampuni yao ya mafuta ni kushusha thamani ya shilingi ili bei ya mafuta katika soko la ndani ibakie kuwa juu wapige faida kubwa bila kujali athari za kiuchumi na maumivu tunayopata walalahoi.
 
Alafu JK kila mwezi akihutubia taifa anatudanganya uchumi umekua.....
 
Fx Trader said:
My frds we are experiencing a home made currency crises: shillingi imapormoka to a 3 year low of 1725! Kweli mafisadi wamashinda! IPTL BINGWA! VERY SAD!


Brace for tougher times! Higher inflation and therefore higher cost of living!
Click to expand...


Na mpaka Magamba wanatoka madarakani shilingi itakuwa imefika walau 1750 kuelekea 1800 mpaka kufika 2020 itakuwa buku mbili jero.
 
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bwana fiksi yule,afie mbali
 
Hajajajajajaa!!! Nilicheka sana wakati mwalimu wangu wa Economics alivyo piga lecture ya Economic development na economic growth in relation to tanzania context hahahahaha Majanga haya hebu tuone zaidi.
..
 
My frd, the wananchi have lost once again! CCM and wafisadi have won! 😂
 
Huyu si anaongozwa na Saada Mkuya na Mwiguru? tangu mwigulu aingie pale kwa mbwembwe za kuzia wizi wa mishahara kila siku dola inapanda, yeye ni kama anaokota big g anatia mfuko, huku anajinasua kuokoa fedha , Boss wake Mkuya na Ben wanakwiba 400bl
 
Zinja im not talking from a position perspective and im not an fx trader by profession. But what you have postedd has nothing to do with the ccurrent depreciation of the shilling.

the volatility experienced is unprecedented and is largely attributed with the suspension of dollar funding. The shilling has depreciated by over 7% since the start of the year; more than any EA currency.

Onlyly a gradual depreciation is warranted because thisnkind of volatility in a very short time can easily lead to financial instability.
 
Mr FX Trader

The shilling depreciation has nothing to do with the governor. The US dollar is stronger globally at the moment following the end of Quantitative Easing by the Fed last month. The market is now factoring in interest rises in the US any time next year, investors are therefore buying the US dollars and therefore increasing demand and hence the price.You can check the trend in the Japanese yen,eur, GBP etc against the dollar and you can see they are all weakening,even Uganda and Kenya shilling are all weaker against the dollar for the same reasons.

Another reason for the weaker shilling is the recent decision by the donors to withhold the budget support funds approximate USD500Million following IPTL scandal. Remember part of these funds is used by the BOT to supply US dollars to the interbank market in order to control money supply and ensuring stability in the exchange rate. It is therefore obvious that if the donors are not giving out the funds, the Bank of Tanzania will have less US dollars to supply and at the same time business community and importers will prefer buying dollars now than later
and as a result the price for the US dollars keeps going higher .

Do you still want to blame governor?
 

There is a legal means to sweep him out of the bank, I.e filling what is called 'Quo ~Warranto'
 
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