The Republic of the Union of Myanmar

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Specific Procurement Notice for CBM/NC:8 - National Real-Time Retail Payments System and QR-code Generation and Repository System

Republic of the Union of Myanmar

Central Bank of Myanmar

Project: Myanmar Financial Sector Development Project

Contract Title: National Real-Time Retail Payments System and QR-code Generation and Repository System

Reference No. CBM/NC 8

1.        The Government of Myanmar has received financing from the International Development Association (IDA) of the World Bank Group toward the cost of the Myanmar Financial Sector Development Project, and intends to apply part of the proceeds toward payments under the contract for National Real-Time Retail Payments System and QR-code Generation and Repository System.

2.        Central Bank of Myanmar now invites sealed bids from eligible bidders for the supply National Real-Time Retail Payments System and QR-code Generation and Repository System. Bidding will be conducted through international competitive procurement as specified in Guidelines -  Procurement of Goods, Works, and Non-Consulting Services under IBRD Loans and IDA Credits & Grants by World Bank Borrowers, dated January 2011, revised July 2014 and is open to all eligible Bidders as defined in the Procurement Guidelines.

3.        Interested eligible Bidders may obtain further information from Central Bank of Myanmar
           Attention: Aye Aye Mar ( Ms.), Director, Accounts Department

           Phone Number:95-67-3418261  /  95-9-5173843

Email Address: ayeayemar@cbm.gov.mm; myatmyatmaw@cbm.gov.mm

and inspect the bidding document during office hours [09:30 to 16:30 local hours] at the address given below.

4.          A complete set of bidding documents in English can be obtained by interested eligible bidders free of charge, upon the submission of a written application to the address below. The Bidding Documents will be issued through e-mail only.

5.         Bids must be delivered to the address below on or before June 18, 2020, 14.00 hrs, local time Electronic Bidding will not be permitted. Late Bids will be rejected. Bids will be publicly opened in the presence of the Bidders’ designated representatives and anyone who chooses to attend at the address below on June 18, 2020, 14.00 hrs, local time. Due to the COVID-19 pandemic, bid opening may be virtual from Office No. 55, Assembly Hall, Yaza Thingaha Road, Oattara Thiri Township, Nay Pyi Taw through live streaming. If so, all the details will be communicated to interested bidders in due time.

6.         “All Bids must be accompanied by a Bid Security” in amount of 1 (one) percent of total the bid price.

7.         Attention is drawn to the Procurement Guidelines requiring the Borrower to disclose information on the successful bidder’s beneficial ownership, as part of the Contract Award Notice, using the Beneficial Ownership Disclosure Form as included in the bidding document.

8.         The addresses referred to above are:

Central Bank of Myanmar

Address: Office No. 55, Yaza Thingaha Road, Oattara Thiri Township, Nay Pyi Taw

City: Nay Pyi Taw

Country: Myanmar

Attention: 1) Aye Aye Mar ( Ms.), Director, Accounts Department

Phone Number:95-67-3418261  /  95-9-5173843

Email Address: ayeayemar@cbm.gov.mm; myatmyatmaw@cbm.gov.mm

 

Attention: 2) Yin Thaung (Mr.), Director, Administration and Human Resources Development Department

Phone Number:95-67-3418595 

Email Address: yinthaung@cbm.gov.mm

 

 

 

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date: 3rd July 2020

Reference Exchange rate
(WA market rate)
1,369.7
Interbank Market WA rate 1,370.6
Bank-customer Market WA rate

1,368.3

  • 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 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
(April 2020)
8.80 %
Year on Year Inflation
(April 2020)
5.24 %

     Source : Ministry of Planning and Finance