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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] 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 Central Bank of army-ruled Myanmar will issue a new banknote worth twice as much as the current highest denomination, state-run media reported Sunday, in a possible reaction to the economy ...
Min Aung Hlaing. Served with. Win Thaw, Deputy Governor. Personal details. Born. (1967-02-03) February 3, 1967 (age 57) Than Than Swe (Burmese: သန်းသန်းဆွေ) is a Burmese civil servant who currently serving as the governor of Central Bank of Myanmar. [1] She became the first female to hold the position of governor in history.
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.
A few days before the coup, the International Monetary Fund (IMF) had released US$372 million in cash loans to the Central Bank of Myanmar, as part of an emergency aid package, to address the ongoing COVID-19 pandemic. [99] The funds came with no conditions, and without any precedent for refunds. [99]
On 8 February, Kanbawza Bank temporarily closed its branches due to staffing shortages resulting from KBZ staff participating in the civil disobedience campaign. [63] Other banks were also impacted by staff participation in the ongoing campaign. [63] On 9 February, staff from the Central Bank of Myanmar joined the movement. [64]
In 2019, the Central Bank of Myanmar issued a new series of banknotes that feature a portrait of its national hero Aung San after longstanding calls to redesign the kyat. The first denomination issued for this new series was the Ks. 1,000/- banknote, which was issued into circulation on 4 January 2020, [ 26 ] followed by the Ks. 500/- banknote ...
Some 180 people, including many women and children, were killed in artillery shelling and drone attacks near the bank of the Naf River adjoining Maungdaw, according to a U.N. estimate of ...