THE Central Bank of Myanmar released an announcement to wipe out rumours among the public about the monetary issue and possible closure of banks.

The  announcement  said  that,  “There  were  rumours  that  K5,000  and  K10,000  banknotes  would  be  demonetized  and  banks  would  close  because  of  the  current  situations  in  the  country.  Some  people  were  worried because of the rumours and were reportedly withdrawing their money from the banks.

The Central Bank of Myanmar has been working hard to stabilize the financial system, and the banks have  been  providing  proper  services  in  accordance  with the rules and regulations.

The general public can continue using the banknotes and banking services without any worries, and all the banks have been instructed to provide regular banking services.”

MNA

(Translated by MMS)

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