Search results
Results from the WOW.Com Content Network
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]
This is the list of banks in Myanmar. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. [ 1 ]
WASHINGTON (Reuters) -Washington should impose sanctions on a Myanmar bank being used to circumvent existing U.S. restrictions, advocates said, urging the outgoing Biden administration to cut off ...
MFTB also manages Burma's official foreign currency reserves. [2] MICB also acts as a banking intermediary for foreign investment activities. [2] The bank was established under the Financial Institutions of Myanmar Law of 1990, which separated the bank from Myanma Economic Bank. [1]
Myanma Economic Bank; Myanma Foreign Trade Bank; Myanma Investment and Commercial Bank; Myanmar May Flower Bank; T. Tun Foundation Bank; U. UAB (company) Y. Yoma Bank;
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 .
Burma Economic Bank was established as subsidiary of the State Commercial Bank (SCB) on 2 April 1976, under the Bank Act of 1975. The law reversed a 1967 law (The People's Bank of the Union of Burma Act of 1967), by splitting the People's Bank into four separate state-owned banks, namely the Union of Burma Bank (UBB), the Burma Economic Bank (BEB), the Burma Foreign Trade Bank (BFTB) and the ...
The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [7]