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Customers and traders struggle as most private banks closed


The Civil Disobedience Movement (CDM) in protest to the military coup has led to most private banks being closed, and customers are unable to make deposits or withdrawals, causing difficulties in their workplaces.

Most bank employees are taking part in the Civil Disobedience Movement (CDM) in protest of the military coup, and most private banks in many townships have been closed.

Photo: Myanmar Economic Branch (1) Security, Mawlamyine (Ko Ko Zaw)

“It is difficult to pay for trade [in goods]. Even today, people who trade with us have to come to Dawei to pay. When it comes to money, it is not convenient …,” said U Ngwe Thein, a salt trader in Thanbyuzayat township.

Sales are also being disrupted due to the lack of regular payments, and a lack of new products, according to an accountant at a soft drink company.

“Usually, we make a list every day and go to the bank and we have to pay money to the [supply] company every day. Banks are closed, so there is no deposit and no new product,” explained the accountant.

Bank employees with Yoma Bank, Asia Green Development Bank, Kanbawza Bank, Myanma Apex Bank, Irrawaddy Bank in Mawlamyine are all involved in the CDM movement.  Branches in other townships are experiencing the same disruption. 

Workers at Myanmar Railways, and at government departments such as Education, Health, the Courts , and the General Administration Department are also participating in the CDM movement, which is proving to be effective.

Min Ko Naing, an 88 student leader said on his social media page that, “the most important thing is the CDM. This is the most important week for employees not to go to work.” 

The CDM is clearly impacting the military grip on power.

Chair of the State Administrative Council, and Senior General,  Min Aung Hlaing has indicated that it is  necessary to facilitate the transportation of goods. According to the Tatmadaw General,  arrangements are being made for the regular operation of maritime and air transport services, and security measures are being taken to ensure that key banking operations will not be compromised.  

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