Myanmar Central Bank to issue new banknote

By Associated Press

Jul 25, 2023 12:19 am

BANGKOK: The Central Bank of army-ruled Myanmar will issue a new banknote worth twice as much as the current highest denomination, state-run media reported Sunday, in a possible reaction to the economy becoming more unstable since the generals seized power in 2021.

The reason for issuing a higher denomination note of 20,000 kyats (about $9.50) was not explained.

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