Bank of Tanzania has a RESERVE of $5 Billion.

[Kobello]

Before or After EuroBond 2? $1.6B Was Debited to the consolidated a/c Just Last week

Tanzania has 5B$, Kenya has 8.6B.
Tanzania can import for 6 months while Kenya can do the same for 5.7 months.
They need to keep 6 months of imports in their central Banks (at least) for a Monetary Union to function.
It's not how much, but how long.

 

[Geza Ulole]

Kenya Has $7bn reserve. Ofcourse All of it borrowed

Minus $2 bln loan CBK took from Eurobond to stabilise the liquidity.

 

[mulisaaa]

Labda aongezewe muda wa kukutawala wewe na mume wako!!

Once the majority wakitaka unalakusema
Kama na wabunge wakipitisha.

 

[mulisaaa]

Tanzania has 5B$, Kenya has 8.6B.
Tanzania can import for 6 months while Kenya can do the same for 5.7 months.
They need to keep 6 months of imports in their central Banks (at least) for a Monetary Union to function.
It's not how much, but how long.

Give us that evidence from the Kenyan side

 

[mulisaaa]

u guys have dept too growing at a faster rate mmeanza projects sai and already mko 50%

Tanzania external debt 😀😀😀 Tupatie ya Kenya Check out @CorporateDigest’s Tweet:

 

[joto la jiwe]

Minus $2 bln loan CBK took from Eurobond to stabilise the liquidity.

Actually Tanzania is $5.9B

 

[Kobello]

Give us that evidence from the Kenyan side

Sorry, that was by June, 2017 which was the latest KBC bANKING SECTOR PUBLICATION. However by end of October, 2017 the reserves dwindled to 7.2B$ which is enough to cover 4.8 months of imports.
"The CBK level of usable foreign exchange reserves stood at USD 7.2 billion (4.8 months of import cover) at the end of October 2017 compared with USD8.3 billion (5.5 months of import cover) at the end of April 2017. These reserves, together with the Precautionary Arrangements with the IMF, equivalent to USD1.5 billion, continued to provide an adequate buffer against short term shocks in the foreign exchange market." - 19th Bi -annual Report of The MPC.
https://www.centralbank.go.ke/uploads/monetary_policy_reports/687846906_19th MPC REPORT - October 2017.pdf

 

[Mkikuyu- Akili timamu]

Tanzania has 5B$, Kenya has 8.6B.
Tanzania can import for 6 months while Kenya can do the same for 5.7 months.
They need to keep 6 months of imports in their central Banks (at least) for a Monetary Union to function.
It's not how much, but how long.

True, Determined by monthly import bill. Not sure how they treat the Eurobond Proceedes now sitting on the cosolidated A/C , but since these funds are to be used in repaying some pending loans that are maturing soon, they must have been used to calculate the figure of Reserve

 

[digba sowey]

Hongera rais wangu Magu

 

[mulisaaa]

Sorry, that was by June, 2017 which was the latest KBC bANKING SECTOR PUBLICATION. However by end of October, 2017 the reserves dwindled to 7.2B$ which is enough to cover 4.8 months of imports.
"The CBK level of usable foreign exchange reserves stood at USD 7.2 billion (4.8 months of import cover) at the end of October 2017 compared with USD8.3 billion (5.5 months of import cover) at the end of April 2017. These reserves, together with the Precautionary Arrangements with the IMF, equivalent to USD1.5 billion, continued to provide an adequate buffer against short term shocks in the foreign exchange market." - 19th Bi -annual Report of The MPC.
https://www.centralbank.go.ke/uploads/monetary_policy_reports/687846906_19th MPC REPORT - October 2017.pdf

So its 7.2 vs 5.9

 

[Ubumuntu]

Viongozi wanaitaji muda zaidi wakukaa madalakani

Ebu nitajie nchi moja tu, ambayo kiongozi kakaa madarakani kwa muda mrefu (kwa kubadili katiba na kujiongezea muda) na nchi hiyo imeendelea?

 

[Billie]

poor country only $5b

We una sh ngapi?

 

[Kobello]

So its 7.2 vs 5.9

No. It's more like 4 months vs 7 months of imports.

 

[Billie]

poor country only $5b

We una sh ngapi?

 

[Geza Ulole]

Tanzania external debt 😀😀😀 Tupatie ya Kenya Check out @CorporateDigest’s Tweet:

Ya Kenya ile 60% debt to GDP ratio is not covering internal debt.

 

[mulisaaa]

Wakenya wamezoe ku coock data. Hata hapa JF pia wana coock data. Imagine from $8 to $15. Hata hiyo $8 pia siamini

Evidence inaonyesha ni 7.2 ya Kenya

 

[BilioneaPATIGOO]

Hayo yamesemwa leo na Raisi Magufuli alipokuwa akikabidhiwa report na CAG.

Amedai kuwa reserve ya Bank of Tanzania imekuwa nakufikia $5 billion. Ambayo inauwezo wakuendesha nchi kwa kipindi cha miezi sita(6 month) kama ikitokea emergency yoyote.

Pia amedai pesa yakujenga striglers dam yakuzalisha MW 2,100 ipo. Pia pesa ya 700km za SGR zipo.

Pamoja nayote amedai zaidi ya mabenki 7 makubwa duniani yameshakuja yakitaka kuikopesha Tanzania kwa interest rate ya hadi chini ya 3% kwenye miradi yake mikubwa yakimaendeleo. Hii imetokana na mabenki kuona Tanzania ikisimamia miradi yake mikubwa bila mikopo.

MY TAKE: Kenya kwa sasa kweli iko na reserve au wamesha itafuna kwakulipa madeni??

Pia tutegemee mradi wa SGR kufika kila kona ya Tanzania kama ilivyo kwa barabara.

Naona kuna umuhimu wa Magufuli kuongezewa muda wakutawala Tanzania. Tumpe 20 years.

Kuangalia hayo maongezi ya JPM anzia katikati kwa mbele kidogo inapokalibia kuisha.

ok. kila la heri.

 

[Kafrican]

Foreign reserve of central bank should also be looked in conjunction with the currency exchange rate history.

If your currency has been continuously going down and then you boast of a rising reserve then your central bank chief has not been doing his job

 

[tuusan]

poor country only $5b

Hahaha mbwa kala mbwa

Kenya Has $7bn reserve. Ofcourse All of it borrowed

 

[Kobello]

Ebu nitajie nchi moja tu, ambayo kiongozi kakaa madarakani kwa muda mrefu (kwa kubadili katiba na kujiongezea muda) na nchi hiyo imeendelea?

Recep Tayyip Erdoğan, Turkey.