Earlier this month, US President Joe Biden issued an executive order that prevented Myanmar from accessing funds currently being held by US banks. The move came after.
US blocked Myanmar junta attempt to empty US$1bil New York Fed account thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
WASHINGTON, Mar 5 Myanmar’s military rulers attempted to move about US$1 billion held at the Federal Reserve Bank of New York days after seizing power on February 1, prompting US officials to put a freeze on the funds, according to three people familiar with the matter, including one US.
US blocked Myanmar junta attempt to empty US$1b New York Fed account, say sources thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.