Myanmar Central Bank Dismisses Rumors Of Banks Shutting Down

The Central Bank of Myanmar denies spreading rumors that some banks will be shut down, and assures that people can regularly access banking services without any worries.

• “We heard that deceptive people are spreading rumors with the intention of undermining public trust in banks,” the regulator says in a statement
• Regulatory body closely monitors all banks’ operations to run systematically
  • All banks are providing services in accordance with the regulations
• Deputy Governor Win Thaw says in an email that the regulator is currently working on ensuring financial stability and prioritizing on making much-needed financial systems easily accessible
  • “Disturbances and destructive ...