this post was submitted on 11 Jul 2024
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Myanmar or Burma

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This community is for articles and discussions about the land called Burma or Myanmar.


Myanmar War Map - territories held by different factions fighting for control of Myanmar.


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[–] RandAlThor@lemmy.ca 2 points 1 year 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 1 year 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 1 year 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.