Sunday, May 17, 2020

The Irrawaddy Magazine

The Irrawaddy Magazine


The Day Myanmar Experienced the Socialist Era’s First Demonetization

Posted: 16 May 2020 08:11 PM PDT

On this day in 1964, Gen. Ne Win's regime caused financial havoc when it demonetizedtwo banknotes and ceased exchanging them for legal tender just a few days later.

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