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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 ...
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
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 ...
Than Than Swe was the target of a failed assassination attempt by anti-regime resistance fighters during a public outrage over a new Central Bank decree ordering the sale of all U.S. dollars and other foreign currencies at a fixed rate to licensed banks. [5] She became the highest-ranking official of the regime to be attacked. [6]
The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had the sole right to issue currency for the country. In 2013, the Central Bank of Myanmar became an autonomous and independent regulatory body by the Central Bank of Myanmar Law, which was enacted by the Myanmar parliament.
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]
Ayeyarwaddy Farmers Development Bank (A Bank) [4] Co-operative Bank (CB Bank) [5] Myanmar Citizens Bank [6] Glory Farmer Development Bank (G Bank) Kanbawza Bank; Myanma Apex Bank; MD Bank; Myanmar Metro Bank; Myanmar Oriental Bank; Myanma Tourism Bank [7] Shwe Rural and Urban Development Bank (Shwe Bank) Tun Commercial Bank (formerly Tun ...
The Central Bank of Myanmar is currently embarking on a plan to unify the country's multiple exchange rate system. From April 2012 to April 2013, the official exchange rate of 6.4 kyats to US$1 (a rate that has not changed since 1977, when it was pegged to the IMF's special drawing rights ) will be floated up, to foster an interbank money market.