Myanmar banks shut down due to 'poor internet connection' after military coup: Report

Following Myanmar’s military coup and declaration of a state of emergency in early hours of February 1, all banks nationwide have shut down, reported Bangkok Post. According to an anuncement, all members of Myanmar Banks Association are to close ir banks unanimously, starting from Monday. Bangkok Post furr reported that association said that closure was due to poor internet connection. 

w, banks would seek permission from Central Bank of Myanmar for temporary closure and inform it when y planned to restart services. development comes after nation’s military took steps to undermine country’s democratic transition, including arrest of nation’s de facto leer Aung San Suu Kyi and few or civilian officials in Burma. Myanmar Army has said that it carried out detentions in response to fraud in last vember’s general election that Suu Kyi’s National League for Democracy (NLD) won by a landslide.

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Along with Suu Kyi, President U Win Myint and or senior officials of Myanmar have also been detained by military. Online news portal Myanmar w cited unidentified sources about arrest of Suu Kyi and her party's chairperson early Monday and did t have furr details. All communications to Naypyitaw appeared to have been cut and Suu Kyi's National League for Democracy party could t be reached. Myanmar lawmakers were to gar Monday in capital Naypyitaw for first session of Parliament since last year's election, with tensions lingering over recent comments by military over 'taking an action' that were widely seen as threatening a coup.

Following reports of arrest, countries including India, US, Australia and Cana have condemned unlawful detention. Expressing deep concern, India said it believes that rule of law and democratic process must be upheld. United States, on or hand, vowed to take action against those responsible. White House Spokesperson Jen Psaki said that any attempt to alter outcome of recent elections or impede Myanmar's democratic transition will be opposed by US.

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Myanmar’s newly formed democracy 

It is worth ting that vember 8 was second openly contested vote in Myanmar after 2015 elections, which saw Aung San Suu Kyi become first democratically elected leer of country after 50-years of junta rule. Despite winning 2015 polls with a landslide victory, bel laureate faced international scrutiny after she oversaw gecide of lakhs of Rohingyas. Under Suu Kyi's rule, nearly 8,00,000 Rohingya Muslims h to flee Myanmar to neighbouring Banglesh following state-sponsored persecution in Buddhist-majority country.

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