The Republic of the Union of Myanmar

Central Bank of Myanmar

FATF-Guidance Notes

The Central Bank of Myanmar is implementing AML/CFT measures in accordance with the Guidance issued by the Financial Action Task Force (FATF) and adopted Risk-based Approach (RBA) in monitoring Financial Institutions. The Financial Institutions licensed and operating in Myanmar are encouraged to become familiar with Guidance issued by the FATF on relevant aspects of their operations.

 

(1)   FATF GUIDANCE

       POLITICALLY EXPOSED PERSONS

       (RECOMMENDATIONS 12 AND 22)

       http://www.fatf-gafi.org/publications/fatfrecommendations/documents/peps-r12-r22.html

 

(2)   GUIDANCE FOR A RISK-BASED APPROACH

        THE BANKING SECTOR

        http://www.fatf-gafi.org/publications/fatfrecommendations/documents/rba-effective-supervision-and-enforcement.html

 

(3)   GUIDANCE FOR A RISK-BASED APPROACH

        EFFECTIVE SUPERVISION AND ENFORCEMENT BY

        AML/CFT SUPERVISORS OF THE FINANCIAL SECTOR AND

        LAW ENFORCEMENT

        http://www.fatf-gafi.org/publications/fatfrecommendations/documents/risk-based-approach-banking-sector.html

 

 

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 24th November 2020

Reference Exchange rate
(WA market rate)
1,312.5
Interbank Market WA rate 1,313.0
Bank-customer Market WA rate

1,311.8

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