Banks close in Myanmar after coup
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published : 1 Feb 2021 at 14:42 People line up outside a bank branch in Yangon on Monday. (Reuters photo)
YANGON: All Myanmar banks were closed nationwide on Monday following a military coup, declaration of a state of emergency and the detention of de facto civilian leader Aung San Suu Kyi. All member banks of Myanmar Banks Association are to close their bank unanimously starting from February 1, according to an announcement by the association, which said it was due to a poor internet connection.
The banks would seek permission from the Central Bank of Myanmar for the temporary closure and inform it when they planned to restart services, the statement said.
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Reuters