
13 Jun
2011
13 Jun
'11
4:26 p.m.
Skunks I have been watching the trends of the Kenya shilling and its now beginning to worry me now. As of today its at 88 shillings ( which means you will buy it at 90 shillings at the forex bureau) and not relenting in the trend. What alarmed me most was when a forex dealer gave me a heads up that its likely to hit the 100 mark in a few weeks. Is there a problem in the economy that we are not aware of. I was reading a global report indicating that it is one of the worst performing currencies to the dollar this year. How does that affect IT professionals - from cost of bandwidth, to computer equipment to ipads, cellphones, routers name it it will affect us at some point. Any economists in this forum ?