The Central Bank of Kenya said Friday it is ready to intervene in the money and foreign exchange markets following Britain's Thursday's landmark referendum to exit the European Union, a move that has shocked the world.
“News reports this morning are predicting the outcome of yesterday's(Thursday's) UK Referendum, Brexit to leave the European Union. The Central Bank of Kenya stands ready to intervene in the money and foreign exchange markets to ensure their smooth operation," read part of the statement.
However, according to the release, other major central banks have also announced their readiness to intervene to minimise disruption in their markets.
According to Business Daily digital news, the Sterling pound underwent its biggest one-day fall of more than 10 per cent against the dollar, hitting a 31-year low on market fears the decision would hit investment in the world's fifth largest economy.
According to Time magazine, British Prime Minister David Cameron has announced his resignation, and will be expected to hand over power to a new Prime Minister in October this year.