Myanmar: Back to the future for the military junta
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
CAPITAL MARKETS

Myanmar: Back to the future for the military junta

What does the political turmoil in Myanmar mean for the country’s banks?

Myanmar-rally-Reuters-960x535.png
Aung San Suu Kyi supporters hold aloft her image alongside the crossed-out face of successor general Min Aung Hlaing

more on myanmar coup

A Yangon financier, unburdened by political persuasion, sums up Myanmar’s February military coup.

“It’s a circular firing squad,” he says. “These are incredibly stupid steps. These guys have been watching too much Fox TV.”

The Fox TV jibe riffs at the reason why Myanmar’s military said it cancelled Aung San Suu Kyi’s five-year-old quasi-democracy.

Perhaps inspired by Donald Trump, the generals claimed that a November election, won in a landslide by Suu Kyi’s National League for Democracy (NLD), was fraudulent. Hours before Myanmar’s parliament would secure that result, the junta aborted an embryonic democracy they were always reluctant midwives to.

What

Gift this article