February 24, 2025
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Table Of Contents:
CBK orders banks to ration scarce dollars
Kenya Foreign Exchange Reserve as at 1st June 2022
Kenya’s foreign exchange reserves are in USD and the obligation of the government is to cover at least 4 months of imports. As of June 2022, it stood at 12.58B$. Kenya’s largest increase in FX reserves happened during Kibaki’s regime, where it rose by over 385% or approximately 6.291B$.
NB* This segment of Kenya Foreign exchange was added later
In the coaching tutorial done in 2020, I noted that the shilling is increasing at an average rate of 7% to USD per year.
To those importing, it means it will be costing 7% more every year.
To those earning in USD, you will automatically be earning 7% more every year.
Align yourself to earn preferably in USD to handle inflation.
Forex 104. We said USD dominates FX reserve
Forex 104. We said USD dominates FX reserve
Then after reviewing various asset classes I concluded that Crypto (Bitcoin) had the best multiplier for those who had invested between Aug 2015 to Aug 2020
On the Monthly timeframe, the dollar index DXY was very strong at 103.06.
On the Monthly timeframe, the dollar index DXY was very strong at 103.06.
The last time it was at those levels was in Dec 2016 and March 2020 (COVID-19 hit). After that, it weakened significantly as Bitcoin rallied
So those who are asking, when?
It’s been a long time.
Remember the same is happening to everyone across the globe.
The situation remains the same as of 2021 Q4, with 2 strong bulls pulling, BTC holding strong, and USD holding strong. Hopefully, USD will ease up and give us a good run.
As continually guided early in the year, continue filling your tank of patience.
For those who haven’t shifted to copy trading, the weekend is long, don’t be left behind. Our numbers have increased significantly.
Some more wins, the larger part of the copy trading team has not been exposed to this volatility despite pressure from some to see some action. In addition, everyone was well prepared psychologically by having conversations about risk.
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