Deteriorating shilling

[@upstar21t]

Jimmy Wanjigi already did a comprehensive analysis on this and according to him, the worst is yet to come!

[@bismarcksanyanda2100]

The more the president talks about De-Dollarization, the more the Shilling plunges.

[@marym-w2e]

ruto made the deal with the eu, they will make sure they buy things cheap

[@coltraneweir4810]

​@@marym-w2eand even then our general environment is not conducive for investment into the country. High taxes, the war against the judiciary and high energy cost.

[@piuskigunda2299]

Don't joke with Europeans, Mugabe tried it, now we have papers in the name of money

[@richardkamau2431]

True

[@Emgee101]

The biggest issue this govt has is KIMOUTH. From yapping"we inherited empty coffers, to talking carelessly about a Country of shareholders and non shareholders to shouting about the crazy debt burden. To talking brazenly to wazungus.. How dumb/unwise can one be? Strongly believe they themselves invited the depreciation and hard times in ke with all their ralk They really need to shut up and try and work things.

[@ericwasonga9229]

Zakayo is really bad for kenya

[@midzg23]

My heart goes out to all students who want to go study abroad and have to pay their fees in usd or eur. 1 and half yrs ago ksh to eur was around 120 now its 175.... u can imagine how much more fees cost now

[@martinkibe3304]

Watu wanalipwa na dollars kama watu wa tours wanasema zakayo tena. Lakini watu wa imports woih

[@Cocoa_nutz]

"what's happening is we are in a correction". These fools don't realise that some of us are forex traders buana so let me tell you, anytime currency pairs enter a correction in the chart, it's just a break before things get even worse 🤷🏾‍♂️ corrections don't bring the value down, they might for a while but this is actually when the market builds more pressure and momentum for another move, USDKSH being bullish asf atm that means the value will sky rocket to 200sh soon. Remember these words ye that can hear. Zakayo with his Kienyeji mindset and his minions think that overtaxing their own citizens will increase the value of shilingi. Yaani Bure kabisa yaani kibaki alipea watu free education ndo wakue wajanja lakini 2022 proved that Kenya wajinga ndo wengi kuliko wenye akili

[@jackymonga6971]

🤣🤣🤣🤣

[@coltraneweir4810]

And more is yet to come. Eurobond is now ksh320bn as of now due this year.

[@lesliembugua]

Mi nashindwa hawa watu wanasema nini na ni professionals🤣🤣 me with my baby pips and investopedia knowledge knows it's not getting better anytime soon

[@danielmuriithi8486]

Ambia hawa wasee juu sku izi akili ni kama kichwa imejaa uji

[@TheWhiteCrescentHospital]

Venezuela did that and after a 1:1 currency peg on the Doller. After some time they dropped the artificial peg and let the local currency adjust naturally since then their economy never recoverd..it hit rock bottom with a hyper inflated economy .....i am skeptical of the government in providing solutions to this, from creation of a hustler fund to create an alternative credit rating for kenya so as to position kenya as a credible partner to the Briton woods institution's, to the flamboyant speeches and the maiden trips abroad is clear my president is getting debt to repay debt..............

[@ekm4881]

Your president is a stupid gluttonous egocentric lying villain who is fueled by hatred for the middle class (watu wamechanuka)

[@hewardthegreat]

Maaan, i remember it at 113, a few months ago. Uhunye alikua global leader not just internal. He viewed things macro

[@mmwaapamghambonyi7836]

They stole money and they did artificial stabilization ,no brainer ! neither Ruto or Raila or Kalonzo can do anything !

[@skyhaker4742]

​@@mmwaapamghambonyi7836 tugege

[@georgeodhiambo598]

​@@mmwaapamghambonyi7836 Stabilizing a currencies value is one of the key functions of a central bank. When it fails in that area, then it has failed in everything. The rest is kelele.

[@georgeodhiambo598]

​@@mmwaapamghambonyi7836Currency stabilization is one of the roles of any CBK and by extension Govt. It is a part of management of the economy. To fail to do that is to fail completely. Foreign currency reserves is not an end in itself, but a means to an end.

[@Baba_isma]

And u believe them that money was stolen?

[@moses_g8925]

It seems the president never watched money heist finale (lacassa de papel) , once you go out shouting that you found government coffers empty when you came into power it sends a very negative message to the investors and creditors and that's where the value of the shilling start doing a free fall

[@Emgee101]

Yes finally someone said it!! because why has our currency been hit more than our landlocked neighbours? The main thing that has changed is the reckless KIMOUTH which has never been done before.... Something so simple has had far reaching effects. They need to shutup already. Keep the talk to behind closed doors or to be communicated by proffessionals. Fear the damage has already been done though.

[@WWEST464]

Tatters of an economy has a direct relationship with political leadership.decisions that politicians make, affect micro and macro dynamics of a fragile economy like ours.shoreing up forex reserves can not be relied on diaspora remittances.government should encourage and enable exports,in ways that they already know,to earn Forex

[@Steve-nm4zs]

We here Diaspora we celebrating and dancing all the way to the bank. No complaints whatsoever...

[@static4122]

for sure the shilling is on a 'bottom up' trajectory.

[@janendegwa5462]

And doing nothing for farmers to export their produce to help the currency

[@coltraneweir4810]

They're infact planning taxes on them

[@nicholastoo858]

The cause for the fall is that one of the conditions for IMF loans is to depreciate the currency.

[@salomenewsome4188]

Bad leadership simulimchagua. Kibaki alielewa economics. Uhuru alikua better

[@mightybobbyofficial]

It's am advantage to those using usd

[@danielmuriithi8486]

A number so few for it to be an advantage for the country

[@milkahwangui2353]

IT'S ALARMING😢😢😢😢😢

[@martinkibe3304]

Lets embrace local production. Muratina, vitenge etc. We will learn the hard way. We dont have to import everything.

[@lakevictoria12]

A blessing for investment, who will buy the goods?

[@jaberjohn7556]

A big shame. SHAME.

[@arvindmorjaria2]

Proactive engagement to promote investment and tourism...

[@soundofprice]

Ruto is a big Failure....let it hit 200$

[@mwash7777]

Ruto,gachagua n entire kkgovt r failures, ni watoto sana kwa mambo uchumi.

[@samuelsamuel1800]

Every country protects their currency to say fail to protect kenya shilling should be almost treated like A crime, I feel the government missed the point of cushioning the currency and lamenting high debt because of depreciation of the currency

[@Emgee101]

Yep, they don't care sadly. Govts which subsidize, or shore up their currencies are idiots. But we have the right formular. The other 99% are wrong. KK ego!!

[@nimrodchokwe711]

Kenya should switch to the British pound and everything will be normal, quick and simple.

[@jamesmwendiagachoki9357]

Not even the world best economist will resolve this,only God .kenya is under God judgement.itaeda hadi 200

[@kinara5365]

dont b e stupid. you dont need God for this thing

[@danielmuriithi8486]

Naah don't bring God into this, just elect competent leaders and come up with economic strategies that do not suck

[@charlyb3560]

Na tshs imefika 15 against a shilling...stupid economy

[@lakevictoria12]

kenyan is falling lower than thought of.

[@yassinwill]

I don't know how this shilling will regain strength but I know is there is a lot of geo-poltical issue affecting the dollar . I think the economy will bite more . Similar countries undergo same economy.

[@Head_of_the_Table2.0]

Interest is the silent killer

[@tonykipchirchir7840]

Kenya is an agrarian economy but lacks modernisation to take advantage of economies of scale, that makes industrilization a long dream, more exports and inflation mitigation should solve the problem. Hustles

[@journalsofanimmigrant123]

Stop the memes. Kenya has foolish village masses voting foolish stupid leaders. Corruption is the oroblem. I knowmost do not confront the truth its vorupt

[@georgeodhiambo2118]

But your brother Zakayo had the parfect remedies to the detorriating economy, What happened?😮😮😮😮😮

[@patrick_ndichu]

Furaha ni kwa Sisi tuko Europe

[@salomenewsome4188]

Wheel barrow bottom up. Nonsense

[@marykinuthia6067]

😢😢😢😢😢 free fall.

[@sophiahmedza929]

175 exchange rate🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️

[@alexinamaina794]

Soon at 200😊

[@danielmuriithi8486]

I left it at 161

[@b.3940]

Ruto is the most intelligent president in the short history of modern Kenya. He has a doctorate degree, is a lawyer, an engineer, an economist, a meteorologist ( remember his prediction on El Niño), is a protector of Haiti, a creator of overseas jobs, and the biggest moron God has ever created.

[@evanskirangi4664]

😂😂😂😂😂

[@danielmuriithi8486]

Such inspiring words to describe the dumbass in chief🤣🤣🤣🤣

[@skyloveofficial43]

​@@evanskirangi4664 unacheka ikae jokes😂

[@dionysiousmunyoro7418]

God help us, we did a big mistake

[@chichiresian9645]

😅 bottom up . Great work UDA . tugokera tene 🎶 .. a calm lesson

[@lethalforce6421]

Msrehemu ruto alikufa na kenyan shillings

[@morineopana8991]

Endelea taxing kabisa ulidhani ndio solution

[@dicksonoboso3043]

Bottom up economy 😂😂😂😂😂

Top down

[@bernardkinyumu3934]

@ 300 per dollar by december 2024. Bottom -up economic model. Period.!!

[@augyking8010]

Ruto alisema economy iko sawa ,, he's always lying.. perhaps he's the problem

[@marym-w2e]

ruto made the deal with the eu, they will make sure they buy things cheap

[@Zack-w3r]

My simple question deni ile tulichukuwa ksh ikiwa 120vs dollar tutalipa na 160,😮

[@nahashonngariuku4346]

just imagine

[@georgeodhiambo598]

Yes that's correct. If you borrow in dollars, then you must pay in dollars regardless of the exchange rate. This is one of the reasons why our foreign loan books has ballooned very rapidly under Ruto. Of course in addition to his high appetite for borrowing.

[@abdurahimabdulkadir3926]

Na ruto anasema uchumi uki sawa umestawi

[@SosPee33]

It's an advantage to us traders 🎉

[@samuelsamuel1800]

How can it be an advantage and we don't export as such internationally, everything becomes expensive, even the product to sell, most are imported, we sometimes import power, fuel, all this will add cost

[@mightybobbyofficial]

Absolutely 💯,

[@unt_folly]

Advantage? I'm sire you're not a businessman in Kenya

[@georgelyson4493]

he is not talking about the basic traders of farm produce I believe his referring to Forex, crypto and binary traders who basically use dollars and it's equivalents as there base trading currency

[@jelife-200]

What are you parroting about? last year December 2023 bought goods worthy 6,000 shillings. After three weeks 2024 same goods bought them again at a cost of 9,000 shillings. Selling price can not be the same common man is suffering prices are hiking day and night.

[@davidlubanga5527]

Ruto surrounded by thieving and incompetence. Reflects on him

[@norahk6587]

Kwani waluhya na wajaka ndio mnaonanga wizi..mlishindwa peleka hasira bondo

[@kennedymunyua9014]

So much for the bottom up bs....

[@chagavah]

It will reach 200 in less than 2 months time. By April, brace yourselves

[@Kelvin-s9r]

We fucked up

[@paulmacharia9675]

@200 per dollar & its a rap

[@dailypay-u7b]

The only solution is to get ruto and rigathi out of office by an uprising

[@itsTheTruthTeller]

Lead by example bwana mungai

[@abdurahimabdulkadir3926]

Wapi kenya iko sawa na inaenda pazuri sana 1usd =120ksh

[@marksebesto6750]

Ondoa makyende

[@abdurahimabdulkadir3926]

@@marksebesto6750 makende tena na mt.kenya na Nandi rate ni hyo

[@danielmuriithi8486]

ukona jokes kali bro🤣🤣🤣🤣

[@abdurahimabdulkadir3926]

@@danielmuriithi8486 broo sio kwa ubaya ruto aki aliingiza watu box vibaya sana Kenya Iko noma sana

[@irinemulonzi7410]

Pesa yetu ina loose value

[@stevemachua8858]

Yet they say the economy has grown at 6% rate, Ndindi Nyoro sayin higher than mighty China. Are you mad Nyoro na kiongozi wako. You can’t be seriously be thinking you were the best for the country that if it were someone else it would be worse. We just see Wastage kila mahali. You are the best at looting that’s what you mean you clueless individuals. The shilling is doing badly not just against the dollar even against EAC member states. How do you explain that?

[@wilberforceosore3182]

I thought the president of Kenya is Doctor unlike the previous presidents who never even had Masters Degree. What's up with Doctorate man if it's genuine Degree? He must think logically beyond his predecessors...

[@georgeodhiambo598]

He is a botanist. Economics is a different ball game.

[@Victor_386]

He has a masters in botany which has zero correlation to economics.

[@sammykiiru4224]

Am paid in dollars so am enjoying 😅... Zakayo tano tena.

[@journalsofanimmigrant123]

Think of orphsns you selfish bastard. .

[@Zero-hl2zy]

The pompous president told the world he was going to use only shillings to trade 😂

[@otekskit5094]

The countries leaders are just nonesence

[@mathekahenri7008]

Zakayo is horrible

[@drugoviic]

keep crying losers

[@unt_folly]

The man is clueless

[@bougeem.g.m488]

😂😂Uhuru aliisema tutammiss

[@allaboutfootballplayers244]

Soon it will reach 200 😢

[@aishasaidi1784]

Bottom aup😂😂😂😂😂😂😂 zakayo

[@irinemulonzi7410]

😂😂😂😂😂😂😂 mr makende tangu uingie pesa yetu ime looose value

[@marksebesto6750]

Does the goverment understand economiks.G to G bullshit.

[@henryembuga6440]

What about Uganda and Tanzania. Tsh and ush vs the dollar. Are those two countries feeling the same or are we kenyans too political that we have no other way to explain this except keep blaming KK and uplifting azimio. I think it's time we understand that if one is not an economist then he should keep quiet and watch. When I was young one starling pound was twenty Kenya shillings and life was not better as it's now.

[@omodesigner]

😂😂

[@anthonymachayo4699]

😂😂,bottom up!

[@the6thregion]

This is all strategic to make people with USD interested in “visa free” travel and use of dollar. It’s hurtful to Kenyans at start, but the endgame is supposed to result in more dollars being attracted into Kenya. Trust and believe the west/westerners are coming for Kenya. Pin this post/mark my words 💯

[@soundofprice]

What a dummy many tourists prefer TZ over Kenya this is just a stupid own goal

[@KIM-xl6zs]

Why should we pin stup*dity

[@static4122]

😆bending over for the mzungu? right

[@danielmuriithi8486]

What will be there to buy?

[@georgekirumba5002]

Stop lying...Go learn what free fall means

[@georgeodhiambo598]

Free fall is falling without resistance. One way fall. Can you pinpoint the last time the shilling ever gained against the dollar? Are you aware that it hasn't gained even once since Zakayo ascended to power? The shilling is on a free fall and it is accelerating in its fall.

[@Edwachable]

It's interesting to see Azimio supporters here somehow wanting to pin this on the current admin. As if the rare would be better if their darling Raila was elected. Shows lack of basic understanding of economics. Citizen has made zero effort to try and explain why the shilling is down either. They would prefer to make viewers think a certain way, which we all know. Githeri media

[@josephmukanda]

Your government has failed. Accept and move on. Wacha kuleta excuses ati azimioo oooh.

[@Edwachable]

@@josephmukanda okay genius. Let's talk facts then. You seem good at economics. Tell me how the current government has actually contributed to the high dollar exchange rate. Try to do it without resulting to insults if you can.

[@unt_folly]

But Ruto is the one to blame. If Uhuru propped up the shilling why can't Ruto do the same?

[@catherineikovwa3401]

Wewe kwenda huko this government is borrowing looting and still you blame uhuru useless let Ruto tell kenyans where he took the the trillion he borrowed just 1 year in office? Let him explain how they have spended 600Billion for climate change looting every corner hiding money in foreign Account so long as he is borrowing internal and he is not paying back the money no Export kenyans is depending on importing even things that can be manufactured here the Shilling will continue loosing itafika 200 its 173 against Euro so kenyans should prepare for tough times

[@jelife-200]

​@@Edwachable When late Kibaki's tender started everything was worse, he never increased taxes and economy grew. Today KK regime are incompetent when UDA took over they were to make sure everything goes on well. Remember we had only free and fair general elections in 2002. From 2007 to 2022 all elections are bogus and that is why economy is going south.

[@regularcustomer6323]

So now we *CA$H IN* some dollars, wait till it hits 1USD:155KES , just before Zakayo Urongoman opens his big mouth trying to take credit then 👨🏿‍💻 *BOOM* 1USD:200KES by April. Easy money. We got to love them guys sometimes

[@stevemachua8858]

Yet they say the economy has grown at 6% rate, Ndindi Nyoro sayin higher than mighty China. Are you mad Nyoro na kiongozi wako. You can’t be seriously be thinking you were the best for the country that if it were someone else it would be worse. We just see Wastage kila mahali. You are the best at looting that’s what you mean you clueless individuals. The shilling is doing badly not just against the dollar even against EAC member states. How do you explain that?