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Myanmar banks to shut temporarily: bankers association – Metro US

Myanmar banks to shut temporarily: bankers association

A Facebook post of Myanmar’s KBZ bank announcing branch closures
A Facebook post of Myanmar’s KBZ bank announcing branch closures

(Reuters) – Myanmar banks agreed to temporarily shut all financial services on Monday due to poor internet connections during the current political situation, the Myanmar Bankers Association said in a statement.

The banks would seek permission from the central bank for the temporary closure and inform it when they planned to restart services, the statement said.

(Reporting by Reuters Staff; Editing by Martin Petty)