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Calls Grow to Cut Myanmar Junta’s External Financial Lifelines
Calls Grow to Cut Myanmar Junta’s External Financial Lifelines
Myanmar soldiers are seen during the Armed Forces Day commemoration in Naypyitaw, the capital of the country, on March 27.
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By The Irrawaddy 5 May 2021
Tougher action is urgently needed to cut off foreign currency flows to the Myanmar military regime, suggested local and foreign financial experts, who argued that severing its financial lifeline would hasten the collapse of military rule.
“The largest inflows of foreign currency to the military are from the oil and gas and mining sectors. We need to totally shut off the flow of foreign currency that is keeping the junta alive,” a local economist who asked not to be named told The Irrawaddy.