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Myanmar's Central Bank denies plans to issue K50,000 banknotes

YANGON: The Central Bank of Myanmar (CBM) announced on October 18 that it has no plans to issue new K50,000 (US$24) banknotes, dismissing reports circulating on social media and websites as false rumours.

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缅甸中央银行否认计划发行5万缅元纸币

Some media outlets have recently circulated reports claiming that a new denomination of K50,000 banknotes would be introduced. The central bank clarified that these reports are untrue and confirmed that there is no plan to issue new K50,000 banknotes. - Eleven Media/ANN

YANGON: The Central Bank of Myanmar (CBM) announced on October 18 that it has no plans to issue new K50,000 (US$24) banknotes, dismissing reports circulating on social media and websites as false rumours.

According to the CBM, some media outlets have recently circulated reports claiming that a new denomination of K50,000 banknotes would be introduced. The central bank clarified that these reports are untrue and confirmed that there is no plan to issue new K50,000 banknotes.

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