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October 28, 2021. (Thursday)

October 28, 2021
in Junta Diary
Reading Time:1 min read
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The dollar and gold prices fell sharply again. But as I said before, commodity prices have not fallen again. Despite the central bank selling hundreds of millions of dollars a month, the scarcity of the kyat in the market has worsened. It has been more than a month since banks stopped depositing money in ATMs. In the past, if you wanted to withdraw money, you could still withdraw at the ATM. Banks are also disbursing less money. Government banks only issue 100,000 a month. How do we do that? If we are in the external market, we still have to pay at least 5% extra money. Those who need to withdraw urgently have to pay their own percentage.

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