Yangon banks hit by rush of withdrawals

Yangon banks hit by rush of withdrawals

YANGON, Myanmar - People queue outside a Yangon bank Feb. 18 to withdraw their deposits after 20 private banks decided to limit withdrawals to 200,000 kyats ($32,200), down from a limit of 500,000 kyats the previous week. The rush on the banks began with the collapse of some private financial services groups operating outside government financial regulations, which triggered rumors the banks were at risk as well.

  • Product Code
  • ILEA001095565
  • Registered date
  • 2003/2/19 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2003 Kyodo News
  • Media size
  • 1864 × 1657 pixel
  • Resolution
  • dpi
  • Deployment size
  • 981.55(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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    Yangon banks hit by rush of withdrawals

    Yangon banks hit by rush of withdrawals

    YANGON, Myanmar - People queue outside a Yangon bank Feb. 18 to withdraw their deposits after 20 private banks decided to limit withdrawals to 200,000 kyats ($32,200), down from a limit of 500,000 kyats the previous week. The rush on the banks began with the collapse of some private financial services groups operating outside government financial regulations, which triggered rumors the banks were at risk as well. (Kyodo)