The Republic of the Union of Myanmar

Central Bank of Myanmar

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Press Release Information regarding the award of banking license in the Republic of the Union of Myanmar

The Licensing Committee is pleased to announce that, as part of the second stage of the award of banking license in the Republic of the Union of Myanmar, 25 RFP responses have been received before the deadline of July 14, 2014, 3PM local time (Nay Pyi Taw).

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Weighted-average (WA) Market Exchange Rate

MMK per USD - Date: 6th July 2020

Reference Exchange rate
(WA market rate)
1,371.1
Interbank Market WA rate 1,371.9
Bank-customer Market WA rate

1,370.0

  • 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)

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
(May 2020)
8.35 %
Year on Year Inflation
(May 2020)
4.21 %

     Source : Ministry of Planning and Finance