On Mon, Jun 13, 2011 at 5:50 PM, Peter Osotsi
<peter.osotsi@gmail.com> wrote:
David;
I have struggled with this problem since the 2008 post election
violence (PEV). My colleagues and I (three people) have been on the
Governors case, but it seems there's a misguided policy at the CBK. He
perpetually ignores our concerns, I even protested his reappointment.
I think the CBK are looking at expanding the economy from the wrong
perspective.
Most of the people that sit in our government (policy makers) have
businesses that trade in neighboring countries whose income is in
DOLLARS, and I think over the last 5 years, the policy has been to
make sure the shilling is as uncompetitive as possible, regardless of
the imports that leak our economy. We are a net importer - meaning our
balance of payments is perpetually negative, rather what they call net
loser in a layman's language. We loose our wealth.
Think of oil, cars, fertilizers, seeds, food, etc, they are bought
from the world market in DOLLARS! We are now a net importer of all
these products from neighboring countries (potatoes, onions etc come
from Tanzania! Nkt!). With how many bags of tea will we be able to
afford a barrel of oil? Or a rim for your car?
There are people at the CBK that are directly or indirectly getting
immersed in this scam, and its driving the poverty to crazy levels
never seen before since independence. Visit the countryside away from
Nairobi and give me the best scenario, i'll pay you.
Disappointed.