Bank shake-up seen as bid by junta to control Myanmar's financial sector: experts — Radio Free Asia
The appointments ensure all key positions are held by the military and its cronies.
Source: rfa.org
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Myanmar suspends foreign loan repayments amid dollar crunch
YANGON: The Central Bank of Myanmar ordered companies and individual borrowers to suspend repayment of foreign loans, the latest in a series of steps to defend the nation’s dwindling foreign exchange reserves.
Source: bangkokpost.com
Myanmar Central Bank Orders Government Agencies to Stop Using Foreign Currencies
The move is designed to strengthen further the junta’s control of foreign currency flows, amid Myanmar’s full-spectrum economic crisis.
Source: thediplomat.com
BANKING UNDER THE GENERALS: Myanmar military once again cause chaos in the banking sector
Over the last decade, Myanmar people gradually gained confidence that their hard-earned cash was safe if they deposited it in the bank, rather than literally hiding it under their bed, as many had done in the past.
Source: mizzima.com
BANKING UNDER THE GENERALS: Myanmar military once again cause chaos in the banking sector
Over the last decade, Myanmar people gradually gained confidence that their hard-earned cash was safe if they deposited it in the bank, rather than literally hiding it under their bed, as many had done in the past.
Source: mizzima.com