Lines, tokens and money brokers: Myanmar's crumbling economy runs low on cash


  • World
  • Friday, 14 May 2021

People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer

(Reuters) -If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4 a.m., where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank when it opens at 9:30 a.m. and withdraw cash, according to more than a dozen people who spoke to Reuters.

If you do not get a token, you either have to queue for hours for the few functioning cash dispensing machines outside or go to black-market brokers who charge big commissions.

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