Central Bank Announcement: CBM guarantees public deposits amidst social media rumors

The Central Bank of Myanmar issued an announcement on Wednesday, assuring the public of the security of their deposits.

The Central Bank emphasized its commitment to closely monitoring licensed banks to ensure they comply with relevant laws, bylaws, regulations, and guidelines. The banks continue to provide a full range of services, including cash deposits, loan disbursements, digital banking services, cash assistance for trading and MSMEs, and international payments.

In light of recent rumors spread by illegal media outlets on social media, which aim to destabilize the state economy and disrupt currency circulation, the Central Bank urged the public not to believe these false reports.

The Central Bank reassured the public that the banking system remains stable and reliable, encouraging all to continue using banking services without concerns.The Central Bank ensures that the public can trust the banking services and enjoy regular operations without worries.