Shilling hits 6-month high to dollar

[kennedy0000]

Eurobond brought in $2bn- That is Twice the sales value of Tea( and about 3-5 times all tax revenue - not sales- from horticulture)
So yes, Eurobonds is a very large earner of forex that goes to GoK coffers.
We are making more cash from selling eurobonds than all the taxes(Not sales) we collect from sale of horticulture

You mention the small Eurobond amount that came in, but fail to mention the large increasing dollar debt we paid out.
Eurobond was peanuts compared to what we paid out.

Even after shipping out all those dollars in debt repayment, our shilling still strengthened.
You will grow old looking for a single source of our strong shilling. We are a diversified economy.

 

[Mkikuyu- Akili timamu]

You mention the small Eurobond amount that came in, but fail to mention the large increasing dollar debt we paid out.
Eurobond was peanuts compared to what we paid out.

Even after shipping out all those dollars in debt repayment, our shilling still strengthened.
You will grow old looking for a single source of our strong shilling. We are a diversified economy.

So we should celebrate Borrowing loans to pay off other loans?
SMH

 

[kennedy0000]

So we should celebrate Borrowing loans to pay off other loans?
SMH

Nop. We should celebrate a strengthening shilling.

 

[Mkikuyu- Akili timamu]

Nop. We should celebrate a strengthening shilling.

Well yes, lazy non producers in kibera will celebrate the strong shilling..But not hardworking coffee and tea farmers whose earnings will be slashed the strong shilling..
Two can tango

 

[kennedy0000]

Well yes, lazy non producers in kibera will celebrate the strong shilling..But not hardworking coffee and tea farmers whose earnings will be slashed the strong shilling..
Two can tango

But their new 'slashed' earnings, can go a longer way than before.

 

[Mkikuyu- Akili timamu]

But their new 'slashed' earnings, can go a longer way than before.

No, inflation due to 2018 taxes bites hard on farmers esp for chemicals and inputs.
Strong shilling is only good for kibera residents to import used chinese condoms - cheaper

 

[Msapere]

No, inflation due to 2018 taxes bites hard on farmers esp for chemicals and inputs.
Strong shilling is only good for kibera residents to import used chinese condoms - cheaper

haha bringing feelings here instead of real economic analysis you are a real shame to Dar es salaam University Alumni