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Myanmar Summoned to Meeting With Junta as Financial Woes Deepen.
Late year, junta blamed banks for country’s currency crisis, accusing bankers of disloyalty. 
Spokesman Zaw Min Tun has a press conference in Aug 2023: “We have been giving assistance to banking system so it does not collapse. Some banks even get support from the central bank. But some of them are not so loyal. Since announcement executives at 7-banks face admin penalties & some have been detained or interrogated, & individual & corporate customers of banks say they have faced limits withdrawals from banks. Customer of KBZ bank in Yangon’s Thingangyun Township said: “I went to KBZ today to withdraw 10mil kyats from special account as I need to use it for medical fees, but oni allowed to withdraw just 1.5mil kyats per day.”

The Junta summoned leaders & chairpersons of all private banks in country to its nerve center.

They will be meeting to discuss banking issues, The chair of junta-controlled Central Bank of Myanmar, along with secretary & joint secretary of junta’s governing body, and State Admin Council – Lieutenant General Aung Lin Dwe & Lt-Gen Ye Win Oo, respectively – and minister for home affairs Lt-Gen Yar Pyae, all is attending the meeting, according to letter summoning to bankers, letter, which was supposed to have been sent in secret, but is circulating on social media.

This scheduled for July 10 yesterday, saying instead banking “issues” will be discussed. Two banking sector sources confirmed the meeting to The Irrawaddy.

Earlier this mth, junta announced that executives at 7-private banks, including Yoma, AYA and UAB, face admin action for allowing their banks exceed central bank’s limit on amount for housing loans they can extend. Officials at central bank will be punished as well, for failing to properly supervise the banks, announcement said.

Other bank owners are reportedly also being investigated has been hit by soaring inflation since coup in 2021. Regime’s attempts to cool inflation failed spectacularly.