Myanmar authorities shut banks amid growing crisis, report says

Private banks closed from August 16 to August 22 amid ongoing cash crisis, reports allege

yangon-rangoon-burma-myanmar

The Central Bank of Myanmar closed private banks between August 16 and August 22, according to DMG News Agency.

If the report is accurate, the move suggests that the problems that have plagued Myanmar’s banks since the February 1 military coup have not subsided.  

The CBM did not respond to requests for comment from Central Banking, and does not appear to have published any notice regarding a bank holiday on its website. A government-owned newspaper, Global New Light of Myanmar, does not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.