CNI News
1 August 2023

The people are facing crises amidst the strength competition between the State Administration Council (SAC) and the National Unity Government (NUG) and there are reviews among political and economic circles in relation to what the people are mainly facing.

There are competitions between the two sides in administration, judiciary and legislation including diplomatic affairs in the international community. Because there is a political crisis in Myanmar, the economy is also in crisis. So, the people are facing a livelihood crisis, said U Htay Aung Kyi, a banking expert to CNI News.

"The number one thing is that we have to settle it politically. The political inconvenience has been quite a long time since Myanmar gained her independence. What number two is that we were weak in ideology. We were not able to identify ideology from international relations. For example, China and Vietnam - they know the difference between ideology and international relations. Only if the politics is good, the economy will be good, too. We had to learn that when we were young. When we studied both politics and economy, we found that both of them are equally important. Sometimes, politics is superstructure and economy is infrastructure. Sometimes, economy is superstructure and politics is infrastructure. Now Vietnam and China have no problems. Only when both politics and economy are on a right tract, we can go on thinking about the rest." he said.

workers receiving meals donated by donors

The SAC's Central Bank announced that it would issue new 20,000 kyat notes in a limited edition number on 23rd July and the NUG announced that it designated 20,000 kyat notes as illegal banknotes on 27th July, 2023.

Due to the strength competition between the SAC and the NUG to be a legal government, the people are facing more crises reportedly. An elected government is needed to arise as soon as possible to recover the politics and economy, said U Aung Pyae Sone, a businessman to CNI News.

" We need a government that is elected by the people as soon as possible. So, we need to hold a general election as soon as possible. But only when there are stabilities in Sagaing Region, Magway Region and Chin State, we can hold the election. As long as there are not stabilities in these regions, C in C will have to ask another six months at the meeting of the National Defense and Security Council, I think." he said.

At present, in Myanmar, most of the sectors including politics, economy, education, health are facing crises and the people are also experiencing difficult livelihoods and rising commodity prices reportedly.