capital of banks: According to the Central Bank of Myanmar, local banks’ non-performing loans can be profitably managed, so an easy collapse is unlikely.
At the moment, there are publications encouraging the collapse of the banking system and unfounded rumours regarding the condition of Myanmar’s banks. The majority of these written assertions are from foreigners who are trying to jeopardise the integrity of Myanmar’s banking system rather than relying on accurate information. to bring about the banking sector’s collapse; the central bank claims that they are actively and steadfastly working to harm the nation’s economy in this way.
As citizens, they should only rely on the expert opinions of individuals who possess a thorough awareness of the financial, economic, and bank positions inside the nation while making financial and investment decisions. banking system and financial system I want you to carefully examine the financial system before you believe anything that is published or stated with malicious purpose. The Central Bank stated that gaming will negatively impact the public interest and that they are writing about the harm done to one another without having reliable fundamental statistics.
bank financial soundness in a nation as defined by the guidelines established by the competent financial authorities in that nation; dependability; In order to conduct their operations in an orderly manner and to strengthen the business system, the Central Bank stated that these organisations were established after meeting requirements such as the capacity to serve the public’s interests and ensure their safety. Additionally, following their establishment, these organisations have been adhering to the directives of the relevant monetary authorities and central banks regarding orderly supervision.
Examining Myanmar’s banking sector, official central bank statements, The central bank reported that the banks in the nation are conducting business in accordance with the laws and regulations of the country, as evidenced by the statements on the individual news pages of the banks and the methodical analysis of Myanmar’s banking and financial system.Stability is indicated by the banks’ ease of financing, the adequacy of their capital, and the profitability conditions. As the central bank, it also keeps an eye on the stability of the banking system. According to the central bank, at the moment, local banks’ non-performing loans can be effectively managed, meaning that the banking system cannot collapse in any way.
to create the financial system; to create a global digital currency system; and to provide mobile financial services that enable citizens to safely and orderly send and receive money through legitimate bank channels. The Central Bank claims that the appropriate official payment channels are now offering the mobile services for use.
In response to the financial sanctions imposed by Western nations, the appropriate authorities took steps to stabilise the banking and financial system. To endure the difficulties, pertaining to regional banking and financial establishments. The region’s financial institutions need to collaborate, according to the national bank.
The Central Bank has warned the public to exercise caution and not to believe those who are speculating and acting in their own self-interest to undermine the value of gold and the dollar by preying on the public’s fear brought on by rumours.