- ARSA threatens to seize control of Arakan State
- Tension escalates near Sittwe as junta shelling wounds Ponnagyun resident
- Min Aung Hlaing hails 'Historic' 2024 census conducted without foreign help
- The Hidden Dangers of Traditional Rice Alcohol in Arakan State
- Locals flee homes in northern Maungdaw amid ARSA threat
Private banks told to reopen on March 8
The Central Bank of Myanmar says banks will reopen on March 8 and that necessary security measures will be put in place to ensure that they are able to do so.
07 Mar 2021
DMG Newsroom
7 March 2021, Sittwe
The Central Bank of Myanmar says banks will reopen on March 8 and that necessary security measures will be put in place to ensure that they are able to do so.
With many of their employees not showing up for work last month as part of the civil disobedience movement, private banks have closed most of their branches since February 8. The disruption to the economy and people’s everyday banking needs has been significant.
An executive of Global Treasure Bank said: “The bank will open on Monday, but the amount of the withdrawal would be a percentage. For example, if a customer’s account has K10 million of deposit, he/she can withdraw K1 million.”
He said he had heard that bank employees who fail to return to work on Monday would be dismissed.
A statement from the Central Bank of Myanmar said the military government’s State Administration Council (SAC) decided at a meeting to urge private banks to resume their services, to provide security for private banks and to take action against those banks that do not restart their operations.
Meanwhile, a coalition of labour unions has called for a general strike starting on Monday to protest the military takeover and the SAC’s continued rule in Myanmar.
Top News
ARSA threatens to seize control of Arakan State
By Admin 30 Oct 2025
Tension escalates near Sittwe as junta shelling wounds Ponnagyun resident
By Admin 28 Oct 2025
Min Aung Hlaing hails 'Historic' 2024 census conducted without foreign help
By Admin 28 Oct 2025
Locals flee homes in northern Maungdaw amid ARSA threat
By Admin 28 Oct 2025
Weekly Highlights of Arakan State (October 20-26,2025)
By Admin 28 Oct 2025
POLITICS
Opinion
The Unfinished Peace in Bangladesh's Chittagong Hill Tracts: Aspirations vs. Reality
By Admin 05 Oct 2025