Myanmar central bank caps cash withdrawals

Officials claim measure is part of digital transition, while the military grows more violent

Central Bank of Myanmar
The Central Bank of Myanmar

The Central Bank of Myanmar has issued new limits on cash withdrawals from the nation’s banks, according to media reports. The move comes nearly a month after a military coup deposed the elected president and cabinet and the de facto prime minister, Aung San Suu Kyi.

In a letter to banks dated March 1, the CBM limited withdrawals from individual accounts to 2 million kyat ($1,418.60). Corporate account holders may take out up to 20 million kyat per week ($14,186). The central bank capped ATM

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