JUST IN: CBK Dismisses Money Shortage Reports, Warns Against Spreading False Rumors
The Central Bank of Kenya (CBK) has reassured the public that the country’s banking system remains stable, despite recent rumors of a money circulation shortage. This follows reports suggesting that the limited money supply was due to withdrawal caps imposed by certain banks. However, CBK has swiftly dismissed these claims, affirming the sector’s stability and resilience. In a public statement, CBK emphasized that the banking system is well-capitalized and secure. “The banking sector in Kenya remains stable, resilient, and adequately capitalized. Customers are encouraged to continue transacting as usual,” the statement read. The bank also clarified that it had not
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