Maungdaw, 31st July 03: "A number of private commercial banks in western Burma have been facing closure due to drastic reduction in transactions since the bank crisis began in mid-February this year. Sources in a private bank in Maungdaw, a township on the Naaf River across the Bangladeshi town of Teknaf said that their bank is facing closure and inability to pay the employees as people have lost faith in bank transactions. ?The private banks are now sitting idle, sometimes even without one transaction in an entire day,” an official in a private bank said..."