The debt is unsustainable, we need more foreign currencies to import and pay out outstanding Debts. The shilling is taking a hit.even the Tanzanian shilling was trading at 23 Bob now is at 20 bob
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Blocking the anus will never cure diarrhoea. Ni vizuri watu wajue kukula matunda ya ujeuri yao.
Ni kubaya.
pesa za farming huingia in euros. great times ahead
Na fertilizer na implements huwa imported in dollars and euros !
nope. we make our own. last week 130 to the euro… ukiona nimelewa weeki yote ni kufurahi
Watu wa Amazon wanamaliswa
My prediction is a dollar at 125 will be the new norm.
Fragile economy.
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Wah importers wako pabaya.woe onto us who depend on China. But as usual the extra cost shall be transferred to the consumer
For exporters this is gold.
Not necessarily. The raw materials and equipment used to manufacture will cost more.
How many do you know? Kazi yenu ni kuimport manguo/exjapan spares na kuzijaza kwa stalls, and sit back and call yourself a successful businessman. Umeffi tupu.
Shafting inaendelea
vile @cortedivoire amesema wembe ni ule ule
For Online Academic Writers paid in USD,this is music to ears…time to be a small dynasty in your own bedroom/sitting room or wherever you do your online hustle.
I tried online jobs, nikarushiwa assignment mzito, alafu pay ilikua 1.5 dollars, which lazima client ai approve ndio urushiwe pesa PayPal, fuck online writing!!! scammers
Hakuja change Sana rate ni 110
ujinga ya kuweka lockdown
We should go back to the gold standard. The US has printed alot of money during the corona pandemic and it is the dollar that should be loosing value not Ksh. The US has gone rogue.
The gold standard is a monetary system where a country’s currency or paper money has a value directly linked to gold. In such a monetary system, gold backs the value of money. With the gold standard, countries agreed to convert paper money into a fixed amount of gold.
All national currencies were valued in relation to the U.S. dollar, which became the dominant reserve currency. The dollar, in turn, was convertible to gold at the fixed rate of $35 per ounce.
In 1971, to stave off a run on US gold reserves, Nixon halted convertibility (meaning that other countries could no longer redeem dollars for gold). Under intensifying pressure, in 1973 the president scrapped the gold standard altogether.