Myanmar denies demonetisation rumours

The false presidential executive order, posted on the Facebook, reads: “Banknotes of 500 kyat, 1,000 kyat, 5,000 kyat and 10,000 kyat would be invalid beginning August 1.”

Htay said that a probe is on and action would be taken against those spreading canards and trying to undermine the peace and stability of the country. He warned the public that there has been no official announcements nor orders concerning banknotes, Xinhua news agency reported.