Central Bank of Myanmar warns against rumours of 20,000-kyat note and market manipulation effort


YANGON: The Central Bank of Myanmar has stated that rumours about the 20,000-kyat banknote are being spread with the intention of destabilising the economy and manipulating commodity and foreign exchange markets.

In response to inquiries regarding the actual circulation of the 20,000-kyat banknote, the Central Bank clarified that the rumours were part of a scheme to manipulate prices of goods, foreign currencies including the dollar, and disrupt the stable currency and gold markets. These actions are allegedly aimed at creating economic chaos within the country.

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Myanmar , rumours , 20 , 000-kyat note

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