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Myanmar cash crisis taking heavy toll


Myanmar cash crisis taking heavy toll
26
Hours-long queues at cash-short banks a daily routine, black-market brokers busy
published :
15 May 2021 at 14:11
People queue outside a bank to withdraw cash in Yangon on Thursday. (Reuters Photo)
If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4am, where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank when it opens at 9:30 and withdraw cash.
If you don’t get a token, you either have to queue for hours for the few functioning cash dispensing machines outside or go to black-market brokers who charge big commissions, according to more than a dozen people who spoke to Reuters. ....

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Myanmar descends into chaos


TTR Weekly takes a closer look at how the travel industry is fairing during the unfolding crisis.
More than 760 unarmed civilians, including young children, have been killed by the military junta and thousands arrested. Many executives and leaders in tourism fled, fearing for their lives, and all interviewed requested anonymity as they fear for their safety.
Here are some of the observations of people living in Myanmar who have first-hand knowledge of the impact on residents and the travel industry community. They correctly fear their lives are at risk if they are identified.
Criticizing the military junta and its appointed government is punishable by several years in prison. There are even dire consequences for those who wear an innocuous black facemask during a protest march. Banging pots and pans every evening at 2000 has been a form of protest nationwide since 2 April, but it can lead to a heavy-handed response from security forces.  Posting a pro-movement messag ....

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