THE Central Bank of Myanmar released an announcement on 3 February to wipe out rumours among the public about the monetary issue and possible closure of banks. The announcement said, “There were false rumours that K5,000 and K10,000 banknotes would be demonetized and banks would close in relation to the current situations in the country. It was also learnt that 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

#The Global New Light of Myanmar