Myanmar military junta - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Sun, 21 Jul 2024 23:24:07 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Myanmar military junta - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Myanmar junta restricts cash withdrawal at banks amid economic crisis https://cathnews.co.nz/2024/07/22/myanmar-junta-restricts-cash-withdrawal-at-banks-amid-economic-crisis/ Mon, 22 Jul 2024 05:51:09 +0000 https://cathnews.co.nz/?p=173465 Amid steep inflation and a freefalling economy, Myanmar banks have begun restricting the amounts of cash that can be withdrawn daily, according to residents, a bank branch, and a bank officer who told Radio Free Asia it was to prevent a bank run. "People have experienced more anxiety," the bank officer said, referring to the Read more

Myanmar junta restricts cash withdrawal at banks amid economic crisis... Read more]]>
Amid steep inflation and a freefalling economy, Myanmar banks have begun restricting the amounts of cash that can be withdrawn daily, according to residents, a bank branch, and a bank officer who told Radio Free Asia it was to prevent a bank run.

"People have experienced more anxiety," the bank officer said, referring to the country's economic situation.

"We have restricted the amount of daily withdrawal — as any bank does not have enough cash for massive withdrawal — to prevent the collapse of banks," he said, speaking anonymously for security reasons.

Yangon residents, who also asked to remain anonymous for security, told RFA that restrictions began at the start of this week.

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Myanmar junta restricts cash withdrawal at banks amid economic crisis]]>
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Myanmar villagers find 18 burnt bodies after junta raid https://cathnews.co.nz/2023/12/07/myanmar-villagers-find-18-burnt-bodies-after-junta-raid/ Thu, 07 Dec 2023 04:53:37 +0000 https://cathnews.co.nz/?p=167320 Villagers uncovered 18 charred bodies after junta forces burned homes in a village in central Myanmar, residents and defence forces told Radio Free Asia. Junta soldiers and the military-backed Pyu Saw Htee militia attacked a village in Monywa township on Saturday morning. Roughly 80 soldiers stationed nearby stormed Kya Paing village and began torching houses, Read more

Myanmar villagers find 18 burnt bodies after junta raid... Read more]]>
Villagers uncovered 18 charred bodies after junta forces burned homes in a village in central Myanmar, residents and defence forces told Radio Free Asia.

Junta soldiers and the military-backed Pyu Saw Htee militia attacked a village in Monywa township on Saturday morning. Roughly 80 soldiers stationed nearby stormed Kya Paing village and began torching houses, causing locals to flee, Kya Paing residents said.

On Saturday evening, villagers returned to the area and found the bodies of 18 people badly burned near Kya Paing, a member of Monywa township defence forces said.

"We are now cleaning up the fire debris in the village," he said, declining to be named for security reasons. "The bodies are deformed, and only the bones remain. We're still cleaning, and I am praying that we will not find another body again. Up to 170 or 180 houses were burned."

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Myanmar villagers find 18 burnt bodies after junta raid]]>
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