Myanmar or Burma

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Myanmar Banks Restrict Cash Withdrawals as Financial Crisis Intensifies (www.irrawaddy.com)

submitted 3 months ago by RandAlThor@lemmy.ca to c/myanmar@lemmy.ca

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[–] RandAlThor@lemmy.ca 2 points 3 months ago (1 children)

The reason people are withdrawing their money is because 1) value of money is decreasing rapidly and they want to purchase goods or stores of values (gold etc) with it; 2) they don't trust the junta.

[–] jet@hackertalks.com 2 points 3 months ago (1 children)

Agreed, but the article was complaining that businesses were also not doing their normal cash deposits... for the reasons you listed... plus the fact they cant withdraw

[–] RandAlThor@lemmy.ca 2 points 3 months ago

Yup. It's back to the old days and old ways. It's cash and goods trading society. This military keeps sending the country back to the stone age.