The Republic of the Union of Myanmar

Central Bank of Myanmar

Shopping Contract Award Notice

Republic of the Union of Myanmar

Central Bank of Myanmar

Myanmar Financial Sector Development Project


Bid/Contract Reference No: CW - 4

Scope of Contract: CBM Training Center Yangon Branch - Physical Refurbishment
Duration of Contract: 6 Month(s)
Contract Signature Date: 11-Jul-2019
Evaluation Currency: MMK - Myanmar Kyat

Awarded Bidder(s): Name: Phone Thabar Co.,Ltd
Address: No.177,Strand Rd , Ah Lone Township, Yangon
Country: Myanmar

Bid Price at Opening: MMK 707,000,000

Evaluated Bid Price: MMK 707,000,000

Contract Price: MMK 707,000,000

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 29th September 2020

Reference Exchange rate
(WA market rate)
Interbank Market WA rate 1,309.1
Bank-customer Market WA rate


  • 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 (

Interest Rate(%)
Central Bank Rate 7%pa
Minimum Bank Deposit Rate 5%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)




Economic Indicators (%)
GDP Growth Rate
2018-2019 FY
(October to September)
6.80 %
Annual Rate of Inflation
(June 2020)
7.91 %
Year on Year Inflation
(June 2020)
4.16 %

     Source : Ministry of Planning and Finance