The rumours of abolishing Ks5,000 and Ks10,000 and the closure of the banks are came out and some people are worried about the rumors and withdrew their money, announced the CBM on August 13.
"The closure of three banks is just a rumour. It is trying to disrupt the stability of the country's economy and the banks' ability to operate in accordance with the rules and regulations, and is adding to the plight of the people, who are suffering from epidemics, deaths and distress. At present, the central bank does not take any action or try to close any banks,” said Win Thaw, Vice Governor of the CBM.
The Ministry of Information has announced banks, offices and schools will be closed from August 16 to 22 to curb the spread of the Covid-19 virus.
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