Myanmar authorities shut banks amid growing crisis, report says

Private banks closed from August 16 to August 22 amid ongoing cash crisis, reports allege


The Central Bank of Myanmar closed private banks between August 16 and August 22, according to DMG News Agency.

If the report is accurate, the move suggests that the problems that have plagued Myanmar’s banks since the February 1 military coup have not subsided.  

The CBM did not respond to requests for comment from Central Banking, and does not appear to have published any notice regarding a bank holiday on its website. A government-owned newspaper, Global New Light of Myanmar, does not

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