The Central Bank of Myanmar (CBM) announced on October 18 that it has no plans to issue new K50,000 banknotes, dismissing reports circulating on social media and websites as false rumours. According to the CBM, some media outlets have recently circulated reports claiming that a new denomination of K50,000 banknotes would be introduced. The central bank clarified that these reports are untrue and confirmed that there is no plan to issue new K50,000 banknotes.