The Central Bank of Kenya (CBK) is considering taking action against irregular currency traders, Business Daily Africa reports. The bank may either directly intervene where importers sell dollars in the market or where they tighten short term liquidity, making it expensive to fund short Shilling positions. The central bank can take regulatory action if there is sufficient evidence of price manipulation, said its Governor Njuguna Ndung’u. Importers, whose raw material costs rose as the currency maintained a steady slide, have called on the banking sector regulator to intervene by injecting dollars in the banking system.

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