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YANGON, 9 Nov — Minister for Finance and Revenue Maj-Gen Hla Tun and Director-General of Myanmar Police Force Brig-Gen Khin Yi cleared up the rumours about the currency notes and unlicensed motor vehicles at the Ministry of Finance and Revenue this evening. They clarified this to about 300 entrepreneurs, bankers, traders and members of Union of Myanmar Federation of Chambers of Commerce and Industry. In his clarification, the minister said it is common knowledge that since its assumption of the State duties, the State Peace and Development Council (the Tatmadaw Government) has been always keeping in the fore the interest of the nation and the people. And since then, the Government has acknowledged the public officially that it will never demonetize the currency notes the State has printed and permitted to be used legally, in circulation. At present, some of the unscrupulous persons taking advantage of the latest developments in the nation are launching a gossiping campaign and spreading rumours, saying that although the new K200, K 500 and K 1000 notes have been issued, they are less in circulation because of their poor quality that does not meet the set standard; that it is possible that K 1000 notes can be demonetized soon as a large number of counterfeit notes are in circulation in border towns. Some unscrupulous persons are even saying that the K 200, K 500 and K 1000 notes in circulation at present must be entrusted to the banks; that the persons who entrust the notes to the bank must explain how they have got those notes; and if they fail to do so, they will be subject to interrogation. In order to alleviate the people’s worry, from anxieties, the minister reiterated the fact that the Tatmadaw Government, as it has already assured, will not demonetize or stop legal circulation of any existing currency note. In addition, the existing old notes or the new ones issued under the notification dated 30 September 2004 will continue to be in circulation as legal tender currency. “Thus, I would like to make it clear officially the people through the entrepreneurs and bankers that they have nothing to worry about the rumours concerning the currency notes, and that they can use any of the notes old or new with full confidence and with peace of mind”, he said.
He said the MPF already has the information on the use of illegally imported unlicensed vehicles in the nation at present. According to the existing law, all vehicles with licence will be allowed to be used or driven. Thus, the government is now impounding the unlicensed vehicles. But the Government will confiscate only the vehicle, and the owners or the driver will not be subject to any legal action. They will not be asked about the person who has sold the car or the route of illegally importing it. The impounded vehicles will be confiscated according to law. Thus, owners of unlicensed vehicles are asked to hand over their cars to the nearest police station as soon as possible. The MPF has information that some owners of unlicensed cars are donating them to certain organizations or dismantling them, for fear of legal action or interrogation. No merits can be gained by donating an illegal property. Moreover, dismantling unlicensed cars will not benefit anyone. It will be only a loss to the State as well as to the owner himself. As the Government will not take action or interrogate any owners of unlicensed cars, the best and the most appropriate way is to officially hand over the illegal cars to the nearest police station soonest. Also present were Minister for Home Affairs Maj-Gen Maung Oo, Minister for Information Brig-Gen Kyaw Hsan, Maj-Gen Khin Aung Myint of the Ministry of Defence, Deputy Minister for Finance and Revenue Col Hla Thein Swe, Deputy Minister for Home Affairs Brig-Gen Phone Swe, Governor of the Central Bank of Myanmar U Kyaw Kyaw Maung, departmental heads, and invited guests. |
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Next,
Director-General of Myanmar Police Force Brig-Gen Khin Yi said: “I would like to
explain to the public, through the bankers and entrepreneurs, about the matter
concerning the unlicensed cars, which have been illegally imported”.