Did The Standard Media Group Share This Graphic?

This graphic attributed to The Standard Media Group shows people allegedly queuing outside the NCBA Bank to “sell dollars”.

Background

On January 15, 2023, the Kenyan shilling depreciated to its lowest level against the dollar, reaching 160 shillings, making imports expensive and pushing debt. The Central Bank of Kenya attributed the depreciation to the $2 billion Eurobond borrowed in 2014, due on June 2024.

However, the shilling has been gaining ground against the dollar, declining from sh. 161 last week to sh. 144 at the time of writing this article. This change is credited to the influx of dollar-denominated support from the International Monetary Fund (IMF) and the Trade Development Bank.

Verification

A Google reverse image search reveals the image used in the graphic shows Kenyans in line for job applications. The image is credited to Joseph Mwau.

The Standard Media Group did not post the graphic on its official X and Facebook pages, nor was it uploaded on its website. They dismissed the graphic as fake, cautioning Kenyans against falling for propaganda and deep fakes.

Verdict

The graphic attributed to The Standard Media Group is FAKE.

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