February 4, 2021
1 min read

Myanmar dismisses rumours about Demonetisation

Myanmar’s State Administration Council has announced that the citizens can continue the use of 5,000 and 10,000 kyat notes, while denying rumours of demonitisation of banknotes.

In a statement on Wednesday, the Council said that rumours and fake news were spread in social media about the demonetization of 5,000 and 10,000 kyat notes published by the state officially, reports Xinhua news agency.

Meanwhile, the Central Bank of Myanmar on Wednesday announced that the citizens can continue the use of the notes and banking services without worries as the directive has been given to the banks to operate banking services as usual.

The Central Bank of Myanmar placed emphasis on stabilizing the monetary system regarding the rumours.

On Monday, the military seized control of Myanmar after it detained government leaders and other senior officials of the ruling National League for Democracy (NLD), including State Counseelor Aung San Suu Kyi and President U Win Myint.

The President’s Office later declared the one-year state of emergency and the state power was handed over to the Commander-in-Chief of Defence Services.

The coup was staged over the disputed results of the November 2020 parliamentary polls in which the NLD won an overwhelming majority.

Also Read-Schumer, McConnell agree to power sharing deal

Previous Story

Schumer, McConnell agree to power sharing deal

Next Story

WEF’s special annual meet postponed

Latest from -Top News

Pakistan Faces Rising Uprisings

Officials warn that Pakistan cannot continue suppressing such protests by force indefinitely. A breaking point, they say, is inevitable — when the growing discontent converges into a major challenge for the establishment

‘A Day to Rejoice’

In its statement, British Friends of Israel saluted the courage and resilience of the hostages and expressed deep sorrow for those who did not survive captivity After 737 days of anguish, the

UK to Lead Gaza Rebuild

PM announces an additional £20 million aid package aimed at providing essential water, sanitation and hygiene services to tens of thousands of people Prime Minister Keir Starmer attended the signing ceremony of

UN Faces Crisis, Says Rajnath

Rajnath Singh said India recognises that the success of peacekeeping depends not only on numbers but on preparedness….reports Asian Lite News Defence Minister Rajnath Singh on Tuesday highlighted the urgent need for

UK to host summit on Gaza recovery plan

The three-day conference, beginning Monday afternoon, will take place at Wilton Park, the Foreign Office’s policy forum based in West Sussex The UK will host an international summit on the recovery and
Go toTop