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UPDATE: Burmese Coup: Myanmar’s banks told to close “because of internet problems”

Tanutam Thawan

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All Burmese bank branches have been closed across Myanmar today after the bloodless military coup this morning. The Burmese army have declared a state of emergency for the next 12 months and have arrested and detained de facto civilian leader Aung San Suu Kyi, along with other National League for Democracy politicians.

The country’s banking association made an announcement this morning claiming that banks had to close down because of “poor internet connection”.

“All member banks of Myanmar Banks Association are to close their bank unanimously starting from February 1”.

“The banks would seek permission from the Central Bank of Myanmar for the temporary closure and inform it when they planned to restart services.”

NLD leader Suu Kyi was detained as part of an early morning military coup before the Burmese army declared the year-long state of emergency. Army leaders have cited “voter fraud” since the landslide victory to the NLD in the November 2020 general elections. The military-backed political party only won 33 out of the 476 seats up for grabs in the election.

Read about the Thailand leadership reaction to the Burmese coup HERE.

Read more about Myanmar’s bloodless coup early this morning HERE.

SOURCE: Bangkok Post

 

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9 Comments

9 Comments

  1. Avatar

    Toby Andrews

    Monday, February 1, 2021 at 5:04 pm

    Internet problems?
    More likely the banks did not want big withdrawals and the money being smuggled out of the country.
    The Kyat has been sliding down since the 29th of January.

  2. Avatar

    Jesus Monroe

    Monday, February 1, 2021 at 5:43 pm

    Could it mean an influx into Thailand if they can get out?

    • Avatar

      Nipral

      Monday, February 1, 2021 at 6:18 pm

      One way or another it will be an invasion. And they dont fear the Thai army and/or police !!!Welcome guys, welcome Covid. There will shortly be an Myanmar variant exclusively for Thailand !!!!! And still no vaccine….

      • Avatar

        Manu

        Monday, February 1, 2021 at 8:03 pm

        Thousands mirgrant workers tested poisitive for sars cov 2 the last 7 weeks but almost no death . Is it that nobody dies from it or tests are no good.. A pandemic going on in Thailand? The basic explanation of a a pandemic is people dying. Whatever is happening in Thailand cannot be called a pandemic. That’s if you are simply rational.

        • Avatar

          Nipral

          Tuesday, February 2, 2021 at 10:40 am

          Rational…do you know the meaning of this word ???
          Who talk about pandemic smart dude ?
          Now we’ll say :”con comme Manu” !!!

  3. Avatar

    Nipral

    Monday, February 1, 2021 at 6:19 pm

    One way or another it will be an invasion. And they dont fear the Thai army and/or police !!!Welcome guys, welcome Covid. There will shortly be an Myanmar variant exclusively for Thailand !!!!! And still no vaccine….

  4. Avatar

    HermannTheGerman

    Monday, February 1, 2021 at 9:11 pm

    Now it’s time for the people in Myanmar to fight against the dictatorship, or soon they will get a stupid government like in Thailand. Then it’s time for them to go back to stone age.

    Who actually believes there will be an election in one year? In one year people will already be accustomed to the dictatorship and they will stay in power. Anyone who will critizice them or protest against them will be thrown in prison.

    • Avatar

      J West

      Wednesday, February 3, 2021 at 12:06 pm

      You can’t seriously insinuate and conflate that Thailand is heading back into the “Stone Age” because of the current government in Myanmar? The improvements to Thai and its people over decades of various governments has lifted millions out of poverty. Thai government represents the will of Thai people at all times, as fractious as it may occasionally seem . Thai never forget they’re Thai and that’s what binds this great country.

  5. Avatar

    James Pate

    Tuesday, February 2, 2021 at 6:13 am

    Banks survived centuries without internet. They should at least allow small retail transactions so that folks can get a little cash to eat and pay bills. Nonsense.

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