Tanintharyi PDF condemned for their threat to K 20,000 denomination users


Tanintharyi, 8 August

Locals and activists have criticized Taninthari PDF’s announcement that it will take action against those who use K20,000 banknotes as threats to the public.

In early August, eight armed groups, including the Tanintharyi People’s Administration Association and the Thayet Chaung People’s Defense Force, issued a joint statement saying that they would not recognize the junta’s 20,000 kyat banknotes and that they would take action against those who used them.

A member of the strike committee in Dawei District said that 20,000-kyat notes could reach the people for various reasons, and the action should not be taken at all.

Furthermore, when engaging the revolution, the armed revolution forces must consider the interests of the people, said the statement.

The idea that restricting the use of 20,000-kyat notes will cut off the military council’s flow of income is wrong, said a PDF comrade.

The National Unity Government (NUG) announced on July 27 that it does not recognize the 20,000 kyats banknotes to be issued by the military regime and considers them illegal.

On July 31, the military council started printing new 20,000-kyat banknotes to honor the completion of the Marawijaya Buddha image and White Elephant Rahtanandaka’s one-year anniversary.

The issuance of new 20,000-kyat notes by the junta caused the prices of basic food items, including gold and dollars, to jump immediately, causing instability.

News-Than Lwin Times

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