29 April 2024
The press release team of the State Planning and Administration Council (SAC) responded today that those who are trading fake Burmese kyats through social networking sites will be investigated and taken action. When asked by the media about the trade of counterfeit money, SAC’s press release team replied, “Myanmar forces are investigating and taking action.”
Those who sell fake money on social networking sites say, “You need to be able to settle your debts, buy or sell motorcycles, or use them as you wish.” They only pay 10 percent of the real money value for the amount of fake Myanmar kyat money they want. For example (If you give fifty thousand kyat real money, you will get up to five hundred thousand kyat fake money).
These fake money dealers can only contact the phone number listed on the social networking site to make purchases, and are not allowed to meet and buy in person. At the beginning of the month and at the end of the month when employees are paid, fake currency sellers are mainly selling fake currency transaction posts.
