The Kenya Shilling under pressure

by | Jan 11, 2017 | BUSINESS NEWS, news | 54 comments

Central Bank officials blame speculators for the slide in the currency of East Africa’s largest economy, and told bankers to let the shilling be guided by market fundamentals, the people said.

The Central Bank’s stance is that the more people comment on the currency’s movements, the steeper its decline, they said

Kenya’s shilling has weakened every trading day since December 23, according to data compiled by Bloomberg.

I agree with the Central Bank and said this over the weekend.

‘’The Kenya shilling closed out the week trading around the 103.70 level and that makes a -1.17 per cent slide versus the dollar since the start of the year. That slide created a flurry of media demand for comment and it never ceases to amaze me how relatively small moves in the shilling create such an outsize hullabaloo.

So the shilling has fallen -1.17 per cent versus the dollar since the start of 2017 and -2.167 per cent since November 8. I cite November 8, because that was when Donald J. Trump was elected US president and his election was the starting pistol for a sharp ‘’Trump’’ rally’ Matina Stevis, the Africa correspondent for the Wall Street Journal tweeted

 

54 Comments

  1. uhren replica
    uhren replica on September 20, 2023 at 7:54 am

    När den ursprungliga Batman introducerades 2013 var det inte första gången vi såg en tvåfärgad ram på en rolex kopia.

    Reply
  2. Hot porn
    Hot porn on October 2, 2023 at 9:03 pm

    950964 732598An fascinating discussion is worth comment. I believe which you ought to write regarding this subject, it might not be a taboo subject but typically persons are too couple of to chat on such topics. To one more location. Cheers 981385

    Reply
  6. WillieLix
    WillieLix on November 18, 2023 at 5:17 pm

    prednisone 20mg for sale: prednisone nz – prednisone 40 mg tablet

    Reply
  10. Charlesmix
    Charlesmix on November 19, 2023 at 9:39 pm

    medication from mexico pharmacy: mexican rx online – п»їbest mexican online pharmacies

    Reply
  13. Timothyjully
    Timothyjully on November 20, 2023 at 9:12 am

    where can i buy sildenafil 20mg: buy sildenafil india – sildenafil 90 mg

    Reply
  15. Richardsteah
    Richardsteah on November 20, 2023 at 5:20 pm

    Kamagra tablets super kamagra Kamagra tablets

    Reply
  21. Richardsteah
    Richardsteah on November 22, 2023 at 2:33 am

    buy tadalafil 20mg price canada cheap tadalafil 5mg tadalafil 20mg no prescription

    Reply
  23. Timothyjully
    Timothyjully on November 22, 2023 at 3:00 pm

    best pills for ed: top ed pills – best pill for ed

    Reply
  27. ScottWer
    ScottWer on November 23, 2023 at 10:30 am

    buy cipro online without prescription: cipro for sale – buy cipro cheap

    Reply
  31. ScottWer
    ScottWer on November 23, 2023 at 9:58 pm

    ciprofloxacin: cipro pharmacy – ciprofloxacin

    Reply
  35. Charlesanora
    Charlesanora on November 24, 2023 at 7:38 pm

    where can i buy amoxicillin over the counter uk amoxil for sale amoxicillin 500 mg tablet

    Reply
  42. VernonCag
    VernonCag on November 26, 2023 at 5:15 am

    buy zithromax 1000 mg online: buy zithromax canada – buy zithromax without prescription online

    Reply
  43. Charlesanora
    Charlesanora on November 26, 2023 at 8:15 am

    amoxicillin 500 mg where to buy buy cheap amoxicillin buy amoxicillin 500mg uk

    Reply
  45. ScottWer
    ScottWer on November 26, 2023 at 3:41 pm

    buy amoxicillin 500mg online: amoxil for sale – ampicillin amoxicillin

    Reply
  47. Charlesanora
    Charlesanora on November 27, 2023 at 2:41 am

    zithromax 500 tablet zithromax z-pak zithromax without prescription

    Reply
  48. RobertGoany
    RobertGoany on November 27, 2023 at 8:50 am

    canadian wholesale pharmacy: buy medicine online – canadian mail order drug companies

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *