Myanmar's junta reprimanded bankers for causing inflation and currency decline following the February 2021 coup.
Myanmar's junta officials reprimanded top bankers over financial turmoil, accusing them of causing inflation and currency decline. Senior officials met with bankers, blaming them for economic disaster since the February 2021 coup. Bankers faced potential consequences if they violated regulations or harmed financial stability. The national currency, the kyat, continued to decline after the meeting, losing another 6% of its value.
July 14, 2024
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