U.S. Blocked Myanmar Junta Attempt To Move $1 Billion Held at NY Fed Account

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By Simon Lewis, Humeyra Pamuk5 Min Read­WASH­ING­TON (Reuters) — Myanmar’s mil­i­tary rulers attempt­ed to move about $1 bil­lion held at the Fed­er­al Reserve Bank of New York days after seiz­ing pow­er on Feb. 1, prompt­ing U.S. offi­cials to put a freeze on the funds, accord­ing to three peo­ple famil­iar with the mat­ter, includ­ing one U.S. gov­ern­ment official.Myanmar’s mil­i­tary jun­ta leader, Gen­er­al Min Aung Hlaing, speaks in a media broad­cast in Naypy­itaw, Myan­mar Feb­ru­ary 8, 2021 in this still image tak­en from video. MRTV/Reuters TV via REUTER­S­The trans­ac­tion on Feb. 4 in the name of the Cen­tral Bank of Myan­mar was …

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