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?
The banking system is heavily influenced and controlled by the VIP of our countries. When banks will force middle-class people to pay their loans back but they will not or unable to force high business class people to pay their debt. One of the largest banks in Indian Called " YES Bank" was going to shut down because of bad loans. This happens because of some corrupt people and shows us how vulnerable a centralized system can be where few corrupt people can destroy the whole system. How we can trust these types of systems when our money is not ours anymore if we put them in the system.