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Bank Negara Malaysia and the Central Bank of Myanmar sign MOU on Regional Economic and Financial Development

Bank Negara Malaysia and the Central Bank of Myanmar signed a Memorandum of Understanding (MoU) today in Bandar Seri Begawan, Brunei Darussalam, to establish a collaborative frameworktopromote greater regional economic and financial integration. The MoU further enhances economic cooperation and builds towards shared economic prosperity between the two countries.

The MoU also establishes a framework of cooperation for capacity building and human capital development with the support of the Malaysian Technical Cooperation Programme of the Malaysian Government.

The MoU was signed by U Than Nyein, Governor of the Central Bank of Myanmar and Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia.

 

Central Bank of Myanmar

3 April 2013

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date: 17th October 2019

Reference Exchange rate
(WA market rate)
1,533.1
Interbank Market WA rate 1,533.2
Bank-customer Market WA rate 1,533.0
  • CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM.
  • Methodology on determination of Reference Exchange Rate is available here

MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm)

Interest Rate(%)
Central Bank Rate 10%pa
Minimum Bank Deposit Rate 8%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)

13%pa

 

16%pa

Economic Indicators (%)
GDP Growth 6.50 %
Annual Rate of Inflation 8.35 %
Year on Year Inflation 10.87 %

     Source : Ministry of Planning and Finance