The Bank of Tanzania (BoT) has moved to calm public fears after false reports circulated online suggesting that cybercriminals plan to attack the country’s banking system.
The claims, which have prompted some depositors to withdraw their money, are entirely untrue, the central bank confirmed.
In a statement, the BoT reassured Tanzanians that both national payment systems and customers’ deposits in commercial banks remain fully secure.
The central bank emphasized that banking services continue to operate efficiently and reliably, and there is no risk to individuals’ money.
The BoT highlighted the benefits of keeping funds in banks. Depositors enjoy the safety and security of their money, can earn interest or annual profit, and are protected by insurance should a bank ever face financial difficulties.
Additionally, deposits play a crucial role in enabling banks to extend loans, which support personal financial growth and drive broader economic development across the country.
The central bank also issued a stern warning to those spreading false information, noting that such actions threaten the stability of Tanzania’s financial sector and the wider economy.
BoT confirmed that it is working with law enforcement agencies to take strict legal action against anyone who continues to circulate these misleading reports.
Governor Emmanuel M. Tutuba reiterated the bank’s commitment to protecting public trust and ensuring the safety and reliability of the nation’s financial system.