The current bank crisis has been solved by the printing of many banknotes by the military council. Bank withdrawals became easier this week. All the money that the banks are issuing is only tens of thousands of new notes.
Whenever a financial crisis arises, the Military Council has no choice but to print money notes endlessly. That solution seems to be working in the short term, but in the long run, inflation continues to rise. According to the data, even during the economic slowdown under the civilian government, only more than 3000 billion kyats were printed. However after the coup, it is known that the military council printed more than thirty billion kyats. In the current situation, there is no foreign income, and the military council, which is struggling to pay for the war, will continue to print more money every time there is a bank crisis.
