This is a single person hiding behind pseudo accounts. The one thing he forgets to hide from us is that the latter always appears and disappears at the same time. The moment Geza comments, suddenly mkikuyu akili mwenda pops from no where. 'shenjiiii!'....kina Geza na ule jamaa anajiita mkikuyu timamu wako wapi
This is a single person hiding behind pseudo accounts. The one thing he forgets to hide from us is that the latter always appears and disappears at the same time. The moment Geza comments, suddenly mkikuyu akili mwenda pops from no where. 'shenjiiii!'....
Ukishaa mchunga mfugo kwa muda, huwa ni soo predictable to master its traits.Hua wanajiona watu wenye akili sana, kumbe kinyesi tuu
1$ is 1700 Italian Liras and 1125 South Korean Wons.Meanwhile..... 1$= 2,300tzshs. I beg, lets all remember the Tz shilling in our prayers today. Amen.
ha ha eti wao ni economists ...dealing with facts and numbers only...Hua wanajiona watu wenye akili sana, kumbe kinyesi tuu
Whether true or not, clearly that inflation in your beloved Tz is not benefitting anyone as populations continue to wallow in poverty, Tzs inflation has always been lower than Kenya's over the past decade yet on average Kenyans consume more commodities than Tanzanians even on basic stuff like cooking oil, soap, rice, maize,.... So maybe your beloved Tanzanians can't even afford stuff at the cheapest rate....With Tz inflation lowest in EAC(3.4%) Farmers exporting in dollars as well as hotels paid in USD are suddenly finding themselves with alot of TZS while comodity prices remain low. To even sweeten the deal, petrol is cheapest in EAC..JPM should let TZS slip abit further to out match EAC in exports
Meanwhile: Kenyans are now consuming less petrol,paraffin and diesel as taxes bite. Travelling has become a luxury especialy for people with personal vehicles. This has translated to ForeX savings,proping up the KSH.
I have no idea why a person would celebrate a currency appreciation that is induced by a fall in consumption of essecial imports like fuel.
Economics is not microsoft packages that most of you have studied. Stick to you lanes please
Credit lending has declined both in ke & Tz. Profits made by ke banks are from lending the ever broke GoK. So whats your point?Whether true or not, clearly that inflation in your beloved Tz is not benefitting anyone as populations continue to wallow in poverty, Tzs inflation has always been lower than Kenya's over the past decade yet on average Kenyans consume more commodities than Tanzanians even on basic stuff like cooking oil, soap, rice, maize,.... So maybe your beloved Tanzanians can't even afford stuff at the cheapest rate....
This is a summary of IMF review of Tanzania's financial sector performance, mind you Tanzania has no rate cap law that negatively affect credit growth of citizens like in Kenya and yet they perform worse! Don't also forget rha despite the fact that Kenya has more govt debt than Tz, almost 80% of domestic loans in Tz go to GoT compared to Kenya which is about 65%, leaving nothing to regular Tanzanians.
And speaking of debt, IMF had also predicted that Kenya's fiscal deficit would continue to widen because of low revenue collection forcing us to take more loans and also use what we have to pay more debts, IMF was surprised to see the fiscal deficit narrow after a few austerity measures that did not hinder economic performance .... IMF got schooled this time!
Here is the summary of IMF review of Tz published 4 Dec 2018. Credit growth continues to fall precipitously!!!!!
Tanzania’s bank-dominated financial sector is small, concentrated, and at a relatively nascent stage of development. Financial services provision is dominated by commercial banks, with the ten largest institutions being preeminent in terms of mobilizing savings and intermediating credit. Medium-to-small banks rely systematically more on costlier, short-term, interbank financing and institutional deposits and have markedly higher operating costs. These structural features underpin financial stability challenges which are significant. Bank asset quality has deteriorated sharply in recent years, and under-provisioning is significant, belying the apparently comfortable capital cushions. Credit growth has fallen precipitously, corporate debt loads have risen, and their cash flows are weak. Dollarization of bank balance-sheets raises the possibility of solvency stress under shocks being exacerbated by funding liquidity pressures, especially at smaller banks.
United Republic of Tanzania : Financial Sector Assessment Program-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania
Honest to god, after reading that I am convinced Tanzania's nacent financial sector is about to collapse as most banks look like they'l go broke in the comming years... This is what IMF is insinuating..
Italy uses Euros mostly Nugu hii1$ is 1700 Italian Liras and 1125 South Korean Wons.
U prove daily to be Geza uloleCredit lending has declined both in ke & Tz. Profits made by ke banks are from lending the ever broke GoK. So whats your point?
As I said, Kenya forex position has improved because the middle class who used to regularly fuel their cars are nolonger doing so. When consumption of fuel goes down the economy as well and employment goes down. Thats is basic economics!
Just a denomination, Liras are still being quoted by Banks. The point is, what's your point?