CBK announces new exchange rate policy to save shilling

africaupdates Says:

Sep 29, 2011 - CBK needs a tight Monetary policy. Currency dealers could be shorting the Kenya Shilling (Rememeber George Soros and his bet on the British pound prior to the British government being forced to withdraw from the European Exchange Rate Mechanism (ERM))? We should have a monetary and economic policy tool that should attempt to keep the Shilling from fluctuating more than 6% from the major World Currencies (Dollar, Pound, Yen and Yuan).

nedatronics Says:

Sep 28, 2011 - I can't believe that nobody at State House is taking this issue seriously. If we had a credible president, he would have ordered the CBK governor to restore the value of the shilling or go home in a month. Incompetence reigns free in this govt.

AZ614 Says:

Sep 28, 2011 - The Kenyan shilling is the worst-performing currency in the world this year, according to data compiled by Bloomberg. On Tuesday the currency touched an all-time low of 104 shillings to the dollar. At the beginning of the year it was about 80 shillings to the dollar.

africaupdates Says:

Sep 27, 2011 - The Shilling is the worst performing currency in the world in 2011 and this Governor still has a job? The most incompetent CBK Governor Kenya has ever had. Kenya currently doesn't have a CBK Governor and Finance Minister, They are only there for show i guess. The CBK supposedly doesn't even have a deputy Governor. The Shilling is also experiencing its worst week ever and all this people have been mostly out of the country this week, instead of being in Kenya working on how to save the Shilling.

madscientistify Says:

Sep 27, 2011 - word!but we all know their appointments are all political so no change

siasabora Says:

Sep 27, 2011 - 30% drop in under a year? where have you been? this is very serious!

siasabora Says:

Sep 27, 2011 - fire the gov't finance team..it is incompetent