Customers Flock to Withdraw Cash From Myanmar Military-Owned Banks
People line up at a branch of Myawaddy Bank in Yangon on Feb. 16. / The Irrawaddy
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By The Irrawaddy 16 February 2021
YANGON A large number of people rushed to the Myanmar military-owned Myawaddy Bank in Yangon to withdraw cash on Tuesday morning after anti-coup protesters called for a boycott of military-related businesses.
On Monday, military-owned banks in Yangon opened for only half a day after hundreds of people thronged to withdraw money from their bank accounts as the civil disobedience movement (CDM) gathered strength across the country.
A bank employee at a Yangon branch of Myawaddy Bank on WarTan Street informed customers queuing for services on Tuesday that the bank would service 200 customers a day and that withdrawals were limited to 5 million kyats (about US$3,550) per person. He said customers who were not among the first 200 could return to queue at 8:30 a.m. Wednesday morning.