The Kenyan Shilling getting stronger

The Kenyan Shilling getting stronger

[emoji848][emoji848][emoji848] Keeping in mind their inferiority complex pushed them to cook data. Lets wait for the 2018 data to come Out. [emoji1787][emoji1787][emoji1787][emoji1787][emoji1787][emoji1787]
Jay456watt said:
true...that gap is equivalent to the GDP of Honduras...so tz+ honduras ndio inafikia kenya😀😀😀
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Mkikuyu- Akili timamu said:
Thats Not a problem,Now Recalculate Kenya's GDP using the FACTUAL dollar rate which is according to IMF 117.5 per $ that gives $61bn GDP.
I wount discuss the effect of currency on GDP with you, its pointless you simply dont know.
IMF is Factual, 2018 GDP will be calculated on prevailing exchange rate of 100 per $ same way china's GDP is calculated on prevailing Yuan rate. But ofcourse, IMF nows the chinese tricks and they formulate their policy with these distortions in mind.
That is why IMF made it a policy to degrade kenya's Credit Rating..
KENYA CHINA et al are soverign countries and can post GDP the way they want and IMF will gladly take the data, however they issue disclaimers such as these for markets to be aware of fraud and manupulation
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Now you're doing exactly what you're accusing those 'pseudo scientists' of doing. King of double standards.
Why don't you learn from your idol David Ndii and wait for the factual and final data from IMF, World Bank and the rest.

Mr. Know it all.
 
kennedy0000 said:
Now you're doing exactly what you're accusing those 'pseudo scientists' of doing. King of double standards.
Why don't you learn from your idol David Ndii and wait for the factual and final data from IMF, World Bank and the rest.

Mr. Know it all.
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Hahaha! 😀 Have mercy on that kiriminoo, you don't want the blame to be on you once he finally decides to hug a tramsformer because of Kenya. Do you?
 
kennedy0000 said:
Now you're doing exactly what you're accusing those 'pseudo scientists' of doing. King of double standards.
Why don't you learn from your idol David Ndii and wait for the factual and final data from IMF, World Bank and the rest.

Mr. Know it all.
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IMF is not a global police force that tells countries what to do. Any country can post data according to their calculations and IMF will not come with a big stick and cane them for cheating.
What they do is they asses the extent of the distortion and impliment policy to rebalance the world monetary system..You may cheat on Currency or GDP but IMF raises your intrest rates for WB loans/ eurobond market intrest rates. Meaning that your cheating will be re balanced by high intrest on foreign currency loans.
That is the work of bretton woods institutions. Stablising Currencies and bond markets
 
Mkikuyu- Akili timamu said:
IMF is not a global police force that tells countries what to do. Any country can post data according to their calculations and IMF will not come with a big stick and cane them for cheating.
What they do is they asses the extent of the distortion and impliment policy to rebalance the world monetary system..You may cheat on Currency or GDP but IMF raises your intrest rates for WB loans/ eurobond market intrest rates. Meaning that your cheating will be re balanced by high intrest on foreign currency loans.
That is the work of bretton woods institutions. Stablising Currencies and bond markets
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After they 're-balance', they publish what they believe is the true GDP.
It is not the work of pseudo-scientist Mkikuyu- Akili timamu to calculate the GDP. So I don't know why you are pretending to do so.

And IMF has been computing GDPs for decades. And the trend is clear. The gap between Kenya and TZ is expanding.

Every year, IMF releases thousands of documents and reports. Some negative, some positive. The culmination of all those reports will be an annual GDP report.

You can't read 2 pages of a 1000 page book and pretend to know how the book will end.

Sit down like your idol David Ndii, and wait for the final figures. I don't know what you are worried about.
 
kennedy0000 said:
After they 're-balance', they publish what they believe is the true GDP.
It is not the work of pseudo-scientist Mkikuyu- Akili timamu to calculate the GDP. So I don't know why you are pretending to do so.

And IMF has been computing GDPs for decades. And the trend is clear. The gap between Kenya and TZ is expanding.

Every year, IMF releases thousands of documents and reports. Some negative, some positive. The culmination of all those reports will be an annual GDP report.

You can't read 2 pages of a 1000 page book and pretend to know how the book will end.

Sit down like your idol David Ndii, and wait for the final figures. I don't know what you are worried about.
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No, IMF does not recalculate GDP on behalf of countries, they take data from Gvts as it is. They only give best practices to finance ministries for data collection, GDP calcuations and if they find distortions they communicate and ask for corrections. The Country is free to impliment the corrections or do as Jubilee does, brush them aside.
Ofcourse you wount escape with cheating, IMF will rebalance using policy such as withdrawing ForeX insuarance and Raised intrest rates..

For Example, If you want to know if Tanzania is Cheating on Data..Look at the policy actions that IMF have done specificaly for Tz..
As I said, IMF in Not a Police force..You are allowed to cheat and post $1000bn GDP..but there are consequencies
 
kennedy0000 said:
After they 're-balance', they publish what they believe is the true GDP.
It is not the work of pseudo-scientist Mkikuyu- Akili timamu to calculate the GDP. So I don't know why you are pretending to do so.

And IMF has been computing GDPs for decades. And the trend is clear. The gap between Kenya and TZ is expanding.

Every year, IMF releases thousands of documents and reports. Some negative, some positive. The culmination of all those reports will be an annual GDP report.

You can't read 2 pages of a 1000 page book and pretend to know how the book will end.

Sit down like your idol David Ndii, and wait for the final figures. I don't know what you are worried about.
Click to expand...
An example..How did IMF arrive at a certain bracket of intrest rates for kenya while Both Currency and GDP remain same in their Database?
What they did is this:
They recalculate all your GDP with 17.5% currency devaluation
They also recalculate your foreign Loans with 17.5% under valuation..
They then calculate the correct intrest bracket to rebalance the 17.5% distortion..These are economists they dont just pluck things from thin air..
What they wount do is post your recalculated GDP - That is for internal use only to determine what intrest bracket you will fall on..They will Post your Flowerly GDP figures 😀
That is how bretton woods institutions work..Hands off kind of policy
 
Mkikuyu- Akili timamu said:
No, IMF does not recalculate GDP on behalf of countries, they take data from Gvts as it is. They only give best practices to finance ministries for data collection, GDP calcuations and if they find distortions they communicate and ask for corrections. The Country is free to impliment the corrections or do as Jubilee does, brush them aside.
Ofcourse you wount escape with cheating, IMF will rebalance using policy such as withdrawing ForeX insuarance and Raised intrest rates..

For Example, If you want to know if Tanzania is Cheating on Data..Look at the policy actions that IMF have done specificaly for Tz..
As I said, IMF in Not a Police force..You are allowed to cheat and post $1000bn GDP..but there are consequencies
Click to expand...

You're not just a pseudo-scientist, you're also a keyboard analyst.
Using big words to twist your understanding of IMF reports, so that it fits into your narrative.

If you knew anything about the GDP, you would know it is a reflection of the economy. Tables and numbers on a piece of paper actually translate to real life things.

Every evidence that has been produced here, from spending power to extreme poverty to middle class numbers to government revenue, shows that Kenya has an economy almost double yours.
But here you are everyday trying to argue that Tanzania is very close to Kenya.

Twisting seasonal reports by IMF for your benefit will not save you.

The fact that Kenya has a foreign exchange reserve of $8.7 billion while Tanzania has a foreign exchange reserve of $4 billion should tell you two things.

1. Kenya has a better ability of cushioning its currency. Preventing the Shilling from major abrupt fluctuations.
2. Tanzania is twice as poor as Kenya.
 
kennedy0000 said:
You're not just a pseudo-scientist, you're also a keyboard analyst.
Using big words to twist your understanding of IMF reports, so that it fits into your narrative.

If you knew anything about the GDP, you would know it is a reflection of the economy. Tables and numbers on a piece of paper actually translate to real life things.

Every evidence that has been produced here, from spending power to extreme poverty to middle class numbers to government revenue, shows that Kenya has an economy almost double yours.
But here you are everyday trying to argue that Tanzania is very close to Kenya.

Twisting seasonal reports by IMF for your benefit will not save you.

The fact that Kenya has a foreign exchange reserve of $8.7 billion while Tanzania has a foreign exchange reserve of $4 billion should tell you two things.

1. Kenya has a better ability of cushioning its currency. Preventing the Shilling from major abrupt fluctuations.
2. Tanzania is twice as poor as Kenya.
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What did you learn in school? and University? I may be debating with a diploma in computer and that possibly explains your natural ignorance of What elementaly things IMF does and does not Do. That is why we cant agree, we are separated by a mountain of knowledge
 
Kuna 'mtaalamu' flani hapa alipeana ushauri wa bure hivi majuzi kwamba wanabiashara wasikubali kutumia KES kwasababu eti itaporomoka hivi karibuni. 🙄🙄🙄 Ndio huyu namuona hapa juu, bado anapeana ushauri wa bure. [emoji1]
 
pingli-nywee said:
Kuna 'mtaalamu' flani hapa alipeana ushauri wa bure hivi majuzi kwamba wanabiashara wasikubali kutumia KES kwasababu eti itaporomoka hivi karibuni. 🙄🙄🙄 Ndio huyu namuona hapa juu, bado anapeana ushauri wa bure. [emoji1]
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You cant imagine I gave the warning of KES being over valued even before IMF Confirmed it! That is what separates me and you..I am knowledgable..
And Guess what, IMF rebalancing is now under way through intrest rates
 
Mkikuyu- Akili timamu said:
What did you learn in school? and University? I may be debating with a diploma in computer and that possibly explains your natural ignorance of What elementaly things IMF does and does not Do. That is why we cant agree, we are separated by a mountain of knowledge
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I think you meant mountains of poverty.
 
Mkikuyu- Akili timamu said:
You should know the author of the Article..Aly Khan Sachu who is a market speculator not a professional neutral economist. He is asserting that in his own words "the 17.5% assertion by IMF is Alarmist and Not Factual"
Now, we are talking about IMF. If IMF data is not factual what else is? should we now be following psedo scientists? IMF/WB are very factual institutions, and when they make mistakes they Quickly own up e.g the False "ease of doing business" data..
WB estimates kenya GDP to be $74bn, now is that also NOT factual?
Economics is a science, you dont cherry pick what you want -Its not witchcraft.
You will notice serious economists like Ndii use IMF/ WB data to respond to economic questions not their own personal opinions
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Ndii is a great intellectual but he is usually very biased . He is a big critic of the Jubilee Govt just like me, but i find him too -ve. He cannot be classified as a neutral Economist.

The institution that could give us very accurate data is the "kenya bureau of statistics", the problem is if they would be transparent enough. IMF may be transparent and open but they release data with hidden agendas plus their sources may not be as accurate as KNBS.
 
de locci said:
Write your reply...
economy is not for everyone..
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True..Economics is not for everyone, Just like Medicine or Engineering is not for everyone. Unfortunately everyone including very unlearned people comment on economic issues.
You will never see me discussing Medicine issues.. I simply dont know anything on Medicine!
 
Arnold mrass cannambo said:
Crap. This thing doesn't need a special author to justify it. Kenya's currency is getting stronger and its becoming unfavorable for investors from Kenya in Tz. Sasa unajaribu ku justify kitu kila mtu anajua.[emoji53][emoji53][emoji53][emoji53][emoji53]

Sent from my TA-1032 using JamiiForums mobile app
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Forget about currency exchange which replies on US interest rate policy, what matter is an inflation where someone can predict the future if you've steady inflation rate. Last time I check Tanzania we where not doing so bad.
 
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