Myanmar central bank intervenes in effort to halt bank crisis

YANGON, Myanmar (AP) - Myanmar's central bank has injected huge amounts of local currency notes into three major private financial institutions in an attempt to halt a crisis that has led to runs on the country's 20 private banks. 

The central bank has loaned 25 billion kyat in credit to the Asia Wealth Bank, the Kanbawza Bank and the Yoma Bank, and "loans to other banks will follow,'' a bank official said on condition of anonymity.