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CBM allows taking out of cash amount beyond the limited for COVID-19 measures

According to the letter sent by the Central Bank of Myanmar to the banks in the country on 28 July stated that cash can be delivered for COVID-19 measures, depending on the remaining cash amount in line with the policy of respective banks, beyond the restriction that allowing each person to take out K2 million and each company and organization, K20 million from respective banking accounts on a weekly basis.
The statement signed by the Deputy Governor of the Central Bank of Myanmar was distributed that the COVID-19 rapidly spreads in Myanmar. If those wishing to take out the cash submit the firm evidence to purchase medicines, oxygen, oxygen plants and accessories for giving treatment of COVID-19 to the people and cost the expenses for hospitals, clinics and quarantine centres, systematically scrutiny must be undertaken, and that cash can be issued depending on the remaining cash amounts in line with the respective banking policies beyond the restriction that allowing each person to take out K2 million and each company and organization, K20 million from respective banking accounts on a weekly basis, referred to letter MaBaBha/FIS (28/2021) dated 1-3-2020 of the Central Bank of Myanmar.
The statement was distributed to State-owned banks, private banks, foreign banks, bank branches and subordinate banks.
“As now is the time of breaking out COVID-19, taking out of cash from the banks are allowed beyond the restrictions,” said Vice-Governor Daw Than Than Swe of the Central Bank of Myanmar. —Maung Dhana/GNLM

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