The Central Bank of Kenya (CBK) has responded to concerns that the banking industry in Kenya is facing a cash shortage.
On Wednesday, November 13, CBK released a statement in which it refuted the claims and asserted that hostile actors may have disseminated false or inaccurate information.
Additionally, CBK has requested that consumers continue to conduct their business as usual, emphasising that there is a malicious effort to cause panic and deactivate the market.
It is for this reason that we strongly recommend that the general public reject any such alleged information.
A portion of the statement suggests that these intentional efforts often aim to instill fear, potentially leading to actions that could disrupt the market.
CBK statement
The Central Bank of Kenya (CBK) is aware that malicious actors may attempt to circulate erroneous information online and other channels about the banking system. The banking sector in Kenya remains stable and resilient and is adequately capitalised.
All customers should continue transacting as normal. CBK has not issued any press release or other information with regard to the operation of the banking sector or any other element of its mandate.
We thus advise the public to disregard any such purported information. The intent behind these malicious attempts is usually to induce panic, leading to action that may destabilise the market.
We wish to emphasise that creating or circulating such information is in contravention of several laws, including the Computer Misuse and Cybercrimes Act, and will lead to criminal prosecutions.
