SAGAING DIVISION-The NUG has announced that it has been verified and properly stored 44,518.297 million kyats of cash balances from private banks in Kawlin in accordance with the procedure according to the instructions of the Central Bank in the interim.
According to the presentation of the Kawlin District Coordination Group, some private banks have been breached security. The description also states that evidence of a plan to break into the bank’s vault was found, and because it was prevented in time, no deposits were lost.
The announcement also states that the cash balances of private banks in Kawlin Township, Kawlin District have been registered and recorded by the National Unity Government as the central bank in the interim.
The Interim Central Bank of the National Unity Government has announced that it will be designated as the Union Treasury Fund and properly managed in accordance with the law to ensure that people’s deposits are not to be lost.
