Rumours and fake news spread about Kyat notes

04 February 2021
Rumours and fake news spread about Kyat notes
Kyat notes with machines. Photo: EPA

Myanmar's State Administration Council announced on Wednesday that citizens can continue the use of 5,000 and 10,000 kyat notes trustfully, Xinhua reported.

The council said that rumours and fake news were spread in social media about the demonetization of 5,000 and 10,000 kyat notes published by the state officially.

Meanwhile, the Central Bank of Myanmar on Wednesday announced that citizens can continue the use of the notes trustfully and banking services without worries as the directive has been given to the banks to operate banking services as usual. The Central Bank of Myanmar placed emphasis on stabilizing the
monetary system regarding the rumours.