The Central Bank under the Military Council said that it will permanently shut down mobile banking applications with incomplete information. Before this, it was strict to register Wave Money, one of the most popular mobile wallets in Myanmar, to transfer money. Now, K pay, which is another popular mobile payment method, is being asked to upgrade to Level 2. The main thing is that the military council wants all the user’s information. Based on that information, they will track those who are supporting the revolution. Then to close their accounts. The Military Council has already begun to strictly handle the flow of money for the revolution.
The dollar and gold prices, which had surged at the end of last month, are slowly coming back down. But commodity prices did not fall. If the price of goods and the price of fuel are not, it’s nothing.
