Banking
-
News
Junta holds Myanma Foreign Trade Bank chair, executives for questioning
The military’s investigations of major private banks have reportedly broadened to include MFTB, a sanctioned, state-owned bank instrumental to Myanmar’s procurement of foreign currency
Read More » -
News
As war rages on, banking services collapse in western Myanmar’s Rakhine State
The lack of cash in the state is adding to the hardships of residents reeling from a conflict that shows no signs of ending
Read More » -
News
Depositors rush to ATMs as top bankers meet with junta in Naypyitaw
Hoping to avert a brewing crisis, regime officials met with the heads of major banks as anxious account holders formed long queues to withdraw money at bank branches and cash machines in Myanmar’s commercial hub
Read More » -
News
Banks close and cash runs low in Rakhine State
Residents of the conflict-torn state say they are facing difficulties withdrawing their funds due to cash shortages and bank branches shutting down
Read More » -
Myanmar
Junta warns against large bank withdrawals amid financial uncertainty
Banks close their branches in areas seized by resistance forces, and the coup regime threatens to prosecute individuals attempting major cash withdrawals in other areas of the country
Read More »