People of speculation, or the society of those who survive on the ignorance of others, have their keen eyes set on the movement of the Kenyan Shilling price against the dollar. On the other hand, the president released a statement to news rooms appointing a new governor for the Kenya’s top most financial institution. Dr Patrick Ngugi if approved by parliament will replace Prof Njuguna Ndungu who has performed outstandingly as the governor of the Kenya’s Central Bank. In this consideration, Daktari has the challenge of maintaining the standard that has already been set by prof. We have had quite a stable financial system so far with nearly every financial institution registering growth in the recent past. At some point, back in 2012/2013, the country experienced a financial turmoil which the now outgoing governor dealt with excellent expertise. In any case, it is in times of a crisis that the strong flex their muscles as prof did. Therefore, to prof, we as Kenyan’s are grateful for your loyal service. You have been truly loyal to the stability of our country and therefore to Kenyans.
On to daktari, we welcome you with gratitude, though we are afraid of the forming wave. Show us, as soon as possible, and before the wave is bigger enough to be called a tsunami, how to deal with the value of the Kenyan Shilling. Or shall we buy more of the dollars? Of course, unlike the case of Sir Alex Ferguson, prof cannot have left us a Moyes. We belief, like is the case of Safaricom’s Bob, you are the ideal mind to succeed prof, and that with you the stability of the shilling and interest rates is something that can be guaranteed. At the base of the storm, consider first what is happening to the shilling. Secondly, I am worried about the nearing elections and the mechanical inflation that accompanies the years before the elections. But don’t touch the interest rates because we have for quite some time borrowed expensively. As a matter of fact, review the margins of various banks so that they don’t led at “Shylock” rates. I know that daktari you are more conversant with this things of financial markets than any common man can ever be. But remember, just like football fans we are interested with the results. We want low interest rates, low inflation rates, a stronger shilling and what have heard economists call financial stability. We wish you the very best if the law makers endorse you as the new manager of our financial system.
No comments:
Post a Comment