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Signing of a Memorandum of Understanding between the Central Bank of Myanmar and the Bank of Thailand on Technical Cooperation

Dr. Prasarn Trairatvorakul, Governor of the Bank  of Thailand (BOT), and Mr. Than Nyein, Governor of the Central Bank of Myanmar (CBM), today signed  the Memorandum of  Understanding (MoU) on technical cooperation between the two institutions to  enhance  the central  banking  capacity of CBM  staff. This  cooperation effort will not  only support  Myanmar’s socioeconomic and financial  structural reform, but also contribute towards the ASEAN  economic integration.

            Under this  agreement, the BOT  will  provide, through its  internal  resources or through  the collaboration with other  organizations, either domestic or international, technical assistance for capacity  building to CBM. The TA  may take the form of policy dialogues, experience sharing, consultancy advice, study visits, training programs, and scholarship. Specifically, the areas of interest   include  Central Banking, Banking Supervision, Payment and Settlement System Development, Banknote Management, and Human Resource Development. Following  the signing of the MOU, both the CBM and BOT will work out the details  of the work program and schedules of activities  as appropriate.

 

Date: 16th Oct, 2018

1,535.0 / USD

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Source : forex.cbm.gov.mm

Interest Rate(%)
Central Bank Rate 10% pa
Minimum Bank Deposit Rate 8%pa
Maximum Bank Lending Rate 13%pa
Economic Indicators (%)
GDP Growth 6.80 %
Annual Rate of Inflation 5.50 %
Year on Year Inflation 8.18 %

     Source : Ministry of Planning and Finance