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ABC News
ABC News
Business
foreign affairs reporter Stephen Dziedzic

EXPLAINED: Anz set to pull out of pariah state myanmar after facing increasing operational complexity - The Real Truth

ANZ has announced it will pull out of Myanmar, dealing a blow to the country's military junta and potentially ramping up pressure on other overseas banks to turn their backs on the regime.

In a brief statement issued on Tuesday afternoon, the major Australian bank said it would cease its Myanmar operations by early next year "subject to local regulatory approval".

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