SAC Information Team Leader Maj-Gen Zaw Min Tun responds to news circulating on social media about CBM raising US dollar rate, some foreign banks no longer accepting currency in/out of Myanmar

“Some media are asking me these questions. The first question is that the Central Bank of Myanmar has set an exchange rate of K2,100 per dollar. I would like to say that there is no change in the fixed rate of K2,100 per dollar. Rumours about some foreign banks have been viral since last week. Some foreign banks are saying that they no longer accept money in/out of Myanmar.
I would like to say that there is a regular operation. Plenty of attacks are directed at the financial system of Myanmar the same as in the past.
That is why the public and businesspersons should not believe such rumours. I would like to say that people can contact and ask the Central Bank directly.”—MNA

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