The Republic of the Union of Myanmar

Central Bank of Myanmar

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.

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Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 22nd October 2020

Reference Exchange rate
(WA market rate)
1,293.3
Interbank Market WA rate 1,293.5
Bank-customer Market WA rate

1,293.1

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
(August 2020)
6.43 %
Year on Year Inflation
(August 2020)
1.84 %

     Source : Ministry of Planning and Finance