Banks closed, ATMs shut down in Myanmar following military coup
First Published: 2nd February, 2021 14:01 IST
Following the military coup banks in Myanmar have been temporarily shut down due to major disruptions of internet services, according to media reports. According to a report by The Myanmar
Following the military coup banks in Myanmar have been temporarily shut down due to major disruptions of internet services, according to media reports.
According to a report by The Myanmar Times, banks under the Myanmar Banking Association have announced a unified closure from February 1.
Besides, the ATM machines of major banks are also not operating in Yangon.
A poor internet connection linked to the state of emergency also affected operations of construction sites in Yangon, and many supermarkets in the city decided to cut opening hours and called on residents to refrain from panic buying, Sputnik reported.
Telecommunications in the capital city of Naypyitaw and some other regions and states have also been cut off.
Earlier, the Myanmar military declared a state of emergency in the country for one year, following the coup, where Aung San Suu Kyi, President U Win Myint and other senior officials have been detained by the military.
The state power has been handed over to Commander-in-Chief of Defense Services Min Aung Hlaing, while Myanmar’s first Vice-President Myint Swe will serve as the acting president of the country.
The newly-elected lower house of the parliament was due to convene on Monday, however, the military called for a postponement.
The Myanmar military said on Monday the new election in the country will be held after the end of one-year emergency, which was imposed earlier in the day following the coup by the army leadership. (ANI)
COMMENTS
TOPMOST STORY NOW
Live Indian students in Kyrgyzstan advised to “stay indoors” amid mob violence
18th May 2024Live Arunachal: Vehicle movement restricted on Pinjoli bridge in West Kamreng
18th May 2024Live Meghalaya govt to relocate 200 vendors from Police Bazar, here is what they have to say
17th May 2024Live Rs 69 cr Sikkim State Bank fraud: FIR against GM, 2 others
17th May 2024WE RECOMMEND
Indian students in Kyrgyzstan advised to “stay indoors” amid mob violence
The Indian embassy also shared a helpline contact number for the students.
18th May 2024Advisory for Indians travelling to Laos, Cambodia for jobs
The advisory outlines significant risks associated with fraudulent job offers and emphasizes the need for caution.
17th May 2024Kim Jong Un’s sister says N Korea’s weapons not for exports after US sanctions Russian firms
Kim Yo-jong's statement comes amid US claims that North Korea has supplied weapons to Russia to support the latter's war in Ukraine.
17th May 2024‘Let’s get ready to Rumble’: Trump, Biden set to debate in June, September
The first debate by CNN will be held on June 27, while the second debate will be held on September 10 by ABC News.
16th May 2024France declares state of emergency in New Caledonia as violent protests rage
The state of emergency came into effect at 8 pm (Paris time) on Wednesday and 5 am in Noumea, the island's capital.
16th May 2024