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Singapore Says Its Banks Don’t Hold ‘Significant Funds’ From Myanmar
Singapore Says Its Banks Don’t Hold ‘Significant Funds’ From Myanmar
Anti-coup protesters stage a sit-in protest near the Singapore Embassy in Yangon on Wednesday, demanding Singapore s banks freeze Myanmar s foreign reserves. / Aye Thandar
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By Nan Lwin 24 February 2021
YANGON The Monetary Authority of Singapore (MAS) said regular surveillance of the city state’s banking system had not turned up “significant funds” from Myanmar companies or individuals, after Myanmar people called for a freeze on their country’s foreign reserves, which recently fell under the control of the military regime.