Dr. Lin Aung, Vice-Governor of the Central Bank of Myanmar, assured that banks' cash needs are being adequately addressed. He emphasized that the Central Bank is ensuring sufficient cash supply to meet banks' requirements.
"Banks are fulfilling withdrawals according to the cash reserves available," stated Dr. Lin Aung, highlighting the careful management of public withdrawals amidst past rumors. He underscored the Central Bank's daily monitoring of banks' deposit and withdrawal activities to maintain stability.
He urged the public to disregard rumors and assured them there is no cause for concern. "Trust and cooperation are essential for the public's benefit," he emphasized. He reiterated that banks have been directed to adhere strictly to withdrawal guidelines, depending on the type of account held.
"For instance, withdrawals from special accounts are limited to deposited amounts," he explained. "Savings accounts allow weekly withdrawals, while fixed deposits are accessible upon maturity. Withdrawal terms for older accounts follow guidelines issued by the Central Bank in April 2022 to facilitate cash management."
Furthermore, he encouraged the adoption of digital financial transactions as part of efforts to enhance financial transactions.
















