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Myanmar cash crisis taking heavy toll
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Hours-long queues at cash-short banks a daily routine, black-market brokers busy
published : 15 May 2021 at 14:11 People queue outside a bank to withdraw cash in Yangon on Thursday. (Reuters Photo)
If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4am, where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank when it opens at 9:30 and withdraw cash.
If you don’t get a token, you either have to queue for hours for the few functioning cash dispensing machines outside or go to black-market brokers who charge big commissions, according to more than a dozen people who spoke to Reuters.
If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4 a.m., where the first 15 or 30 customers are given a plastic…