Myanmar military government Trying to move $ 1 billion worth of deposits out ofCentral bankThe US branch of New York after seizing power from the civilian government on February 1. But US government officials Can order to freeze the account in time
reportnewsOf Reuters citing sourcesnewsThat intimate states that The Myanmar junta withdrawal attempt was made on February 4 by the Central Bank of Myanmar. But it was intercepted by the Federal Reserve’s defense system before government officials put a hold on approval until President Joe Biden issued an executive order giving authorities the power to suspend the transaction indefinitely.
Reports of the Myanmar junta effort were not previously reported until the Myanmar Army appoints a new governor of the central bank. After the detention of officials who supported prison reform during the coup By this plan to move money It was seen as an attempt to limit the impact of international economic sanctions. After the army arrested Mrs. Aung San Suu Kyi De facto leader That led the party to win politics in a landslide in November of last year. But the Myanmar military claimed thatElectionThere is corruption Although the Election Commission has rejected that claim
Reuters said a spokesman for the Myanmar junta did not comment on the matter. And still unable to contact officials of the Central Bank of Myanmar
The US, Canada, the European Union and Britain have already announced economic sanctions against a number of Myanmar military personnel. Dozens of people died after the coup and the crackdown on protesters. The United Nations announced on Thursday that At least 54 people have died in Myanmar and more than 1,700 people have been arrested, including 29 journalists.
In an executive order issued Feb. 10, President Biden announced that the United States was taking action. To prevent Myanmar generals from “improperly accessing” the government funds of the Myanmar government.
And even US government officials It did not provide an explanation of the US leader’s latest statement. Published Management Orders Clearly state that The Governor of the Central Bank of Myanmar is part of the current Myanmar government. It also empowers US government officials Freeze all assets of the Myanmar government after the coup.
Usually, a unit of the Federal Reserve in New York known as the Central Bank and International Account Services (CBIAS) manages Myanmar’s reserves. As is the case with many banks of the country that reserve the dollar for various payments.
A source told Reuters the reason the Myanmar military government’s request to move money was intercepted on Feb. 4. This is because all transactions related to Myanmar were placed in a special security category prior to the coup. After last year Myanmar was placed in The “gray list” of the Financial Action Task Force (FATF), an international organization governing the prevention and suppression of money laundering. In the case of Myanmar, it is a risk of drug laundering.
In accordance with the CBIAS Code of Conduct, the Federal Reserve Bank of New York has the right to take any action that may cause undesirable consequences. In accordance with the situation arising in the account holder country and “where appropriate,” the Bank’s Legal Department. “I will communicate with the US Department of State. To find clarification of what happened And changing events that could affect central banks (Of that country) and account controls opened at the Federal Reserve Bank of New York. “
Even the US State Department Declined to comment on the report, Reuters said. Likely to have full control over the country’s central bank at the time of the withdrawal request.
Following the February 1 coup, the Myanmar military regime commanded several key economic officials, including Reformed Central Bank Deputy Governor Bobo Gede. And a partner of Daw Aung San Suu Kyi, according to the Assistance Association for Political Prisoners.
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