When I see the picture of our banks in my country's, it seems lots of people in the line to withdraw their funds. An analysis of my country says that people keeping funds on their hands instead of keeping into the bank. And it hasn't happened before where a huge amount of funds holding by population. Bank reports saying, clients are just withdrawing their money, deposits are very low by comparing with withdrawal. That's why people encountering lots of questions from the bank regarding withdrawal. Most likely due to the global pandemic, people want to keep funds on their hands.
I don't know if it is happening in your country as well. But seems people losing their faith from centralized organizations like a bank. It would happen due fair of bankruptcy or due to need money on emergency situations. On the other hand, gold and bitcoin movements saying that new investors getting in. Most probably people want to be their own bank.
What's your thought and what's the real situation of your country?
It seems that the same thing is happening in my country, people are over reacting and in a hurry to get their money in the banks,wherever you look there is always a long queue of atm machines, maybe because of unemployment the reason why most of us ran out of money in their hands, and it is possible that many of them think that banks may close due to the worldwide spread of covid-19 so they rush their money out of the banks and thinking that their money is safer with their hands.