The Republic of the Union of Myanmar

Central Bank of Myanmar

Award of a Foreign Bank License In the Republic of the Union of Myanmar and Approval of Equity Participation in Domestic Bank

Apr 09, 2020 08:09

After due consideration, the Licensing Committee has decided to grant preliminary approval to prepare for commencement of operations in Myanmar to seven (7) Foreign Banks.

 

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Examination on AML/CFT activity of the Banks

Financial Statistics

Capital Market

Issuance of Government Treasury Bonds

Relationship between Myanmar and SEACEN

Foreign Exchange Regulation Act

Issuing Foreign Exchange Dealer Licenses

Criteria for Foreign Exchange Dealer Licenses

Criteria for Non-Bank Money Changer License

Criteria for Offshore Loan

Criteria for Remittance Business Licence

Registration Template for Projected Repatriation Schedule of Principal

Monetary and Financial Cooperation with ASEAN and ASEAN+3 Countries

Quarterly Financial Statistics Bulletin

Criteria for Non-Bank Money Changer License

Quarterly Financial Statistics Bulletin

Interbank Market

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 20th January 2021

Reference Exchange rate
(WA market rate)		 1,334.3
Interbank Market WA rate 1,335.2
Bank-customer Market WA rate

1,333.0

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)

FX Market Data

Reserve Position

NEER & REER

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

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)

10%pa

 

14.5%pa
Economic Indicators (%)
GDP Growth Rate
2018-2019 FY
(October to September)
 6.80 %
Annual Rate of Inflation
(November 2020)
 4.60 %
Year on Year Inflation
(November 2020)
 0.97 %

    Source :

    Ministry of Planning, Finance and Industry