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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: Myanmar Banks

Posted inMyanmar

Myanmar banks on edge of a coup-caused collapse

by Dominic Oo and Shawn W. Crispin June 2, 2021June 13, 2021

YANGON – Myanmar’s private banks are teetering as anxious depositors rush to withdraw funds amid coup-caused political instability, concerns about the country’s underlying finances and an emerging shortage of kyat currency notes. Long snaking queues in front of bank ATMs are now a daily sight in the commercial capital of Yangon, causing banks to hand […]

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