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Home World Asia Pacific

Myanmar’s junta takes desperate measures to stem capital flight — Radio Free Asia

16 June 2024
in Asia Pacific
0
Myanmar’s junta takes desperate measures to stem capital flight — Radio Free Asia
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Myanmar’s military junta has implemented strict measures to prevent citizens from withdrawing money from banks, in an attempt to stem capital flight amid ongoing protests against the coup. The regime has also imposed limits on daily cash withdrawals and foreign currency transactions, leading to further economic instability in the country. Despite these efforts, many citizens are finding ways to circumvent the restrictions and continue to protest against the illegitimate government.

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Tags: AsiaCapitaldesperateFlightFreeJuntameasuresMyanmarsRadiostemtakes
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