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A Wave Money agent in Yangon counts cash before handing it over to a customer in May. Agents are charging 10 percent or more for cash withdrawals, in violation of company policy. (Frontier)
A Wave Money agent in Yangon counts cash before handing it over to a customer in May. Agents are charging 10 percent or more for cash withdrawals, in violation of company policy. (Frontier)

Myanmar’s post-coup cash crunch creates a shadow money trade

Mobile money agents and informal brokers have been meeting the demand for cash at a time when banks are severely limiting withdrawals, but some accuse them of profiteering by charging steep fees.

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