Economics
Intimidation Tactics Gag Traders in Kenya's Currency Market
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Kenya’s central bank is taking an unusual approach to protecting its currency: intimidation.
Monetary authorities in Nairobi have been cracking down on selling, hedging and even making bearish predictions, according to traders and analysts. In a sign of the skittishness, none of 12 market participants contacted by Bloomberg spoke on the record, citing possible retaliation.