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[Myanmar] Banking services regularly available, close supervision underway: CBM


Close supervisory measures are being taken for ensuring systematic banking services and they are now available on a regular basis, the Central Bank of Myanmar announced on April 7.

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The CBM statement says unscrupulous persons with intent to mislead public understanding are spreading fake news that some banks will be closed and face legal action. Following such rumours, some members of the public are worryingly withdrawing their money more than necessary and suspending their cash deposit.   

The Central Bank is conducting close supervision to ensure all the banks operate systematically. As they are providing their services in accord with the prescribed rules and disciplines, people can enjoy regular banking services with their trust in the banks and without any worries, the statement says.

Published : April 09, 2021

By : Eleven Media/ANN