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It provides trade finance and foreign exchange-related banking to the government, state enterprises, and the international community residing in Myanmar. [2] MFTB also manages Burma's official foreign currency reserves. [2] Until recent economic reforms, MFTB had a monopoly on foreign exchange and customer base. [2]
SSB was established under the Social Security Act of 1954, which implemented a social security scheme covering employees working for firms employing over 5 employees, including state-owned, private, foreign and joint ventures. [3]
Rice plant, "Central Bank of Myanmar" in Burmese: Value in Burmese numerals: 1991 1999 Series [13] K 1/-19.03: 2.95: Bronze: Plain: Chinthe, "Central Bank of Myanmar" and value in Burmese: Bank title and value in English and Arabic numerals: 1999 [14] Ks. 5/-20 mm: 2.73 g: Brass: Plain: Chinthe, "Central Bank of Myanmar" and value in Burmese
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Black market rates for the kyat have for years been significantly higher than the reference rate of Myanmar's central bank, currently set at 2,100 kyat per doll Myanmar junta arrests dozens in bid ...
Dozens of Myanmar civil society groups wrote to the departments of State and the Treasury on Monday calling for the U.S. to block the state-owned Myanma Economic Bank from using the dollar-based ...
The Central Bank of Myanmar was founded as the Union Bank of Burma on 3 April 1948 by the Union Bank of Burma Act, 1947 [2] [3] and took over the functions of the Rangoon branches of the Reserve Bank of India. [4]
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