No limitation made for cash withdrawals for businesses with special bank accounts
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NP News - July 16
The Central Bank of Myanmar (CBM) made an announcement that businesses /organizations are allowed to withdraw cash without any restrictions regarding special accounts deposited at the banks.
According to reports from the exile media and some local businessmen, the Central Bank stated as mentioned as response to the question of whether it is true that only 1,000,000 to 2,000,000 kyats can be withdrawn from special accounts.
Last week, rumours have been spread by the exile news outlets that only 1 to 2 million kyat can be withdrawn cash for the businesses or organizations from special bank account deposit. The CBM denied it by explaining that businesses and organizations are not restricted to withdraw cash and the cash can be withdrawn unlimited as they want.
The CBM made request to the public to withdraw cash only for mandatory purposes urging to engage account transferring for intra-banking transactions.