The Republic of the Union of Myanmar

Central Bank of Myanmar

Prime Minister attends opening of new building of Central Bank of Myanmar, Nay Pyi Taw

Prime Minister of the Union of Myanmar U Thein Sein attended opening of the new building of Central Bank of Myanmar, Nay Pyi Taw of the Ministry of Finance and Revenue at the building here this morning. The Prime Minister unveiled inscription plaque of the building.

Also present on the occasion were Nay Pyi Taw Command Commander Brig-Gen Maung Maung Aye, ministers, deputy ministers, departmental heads, staff members of the Finance and Revenue Ministry, CEC members of Myanmar Banks Association, bankers, and responsible persons.

Commander Brig-Gen Maung Maung Aye, Finance and Revenue Minister U Hla Tun, and Progress of Border Areas and National Races and development Affairs Minister Nay Pyi Taw Mayor U Thein Nyunt formally opened the Central Bank of Myanmar.

The Prime Minister first unveiled the inscription plaque and sprinkled scented water on the plaque. And so did the commander and the ministers. The Prime Minister together with attendees posed for a documentary photo.

The Cabinet Head Looked round the newly built building and viewed arrangements for banking services.

The new building of Central Bank of Myanmar lies on a 19-acre plot in Nay Pyi Taw. The building is a two-storey RC type, and 390 feet long, 350 feet wide and 48 feet high.

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 25th September 2020

Reference Exchange rate
(WA market rate)
1,309.4
Interbank Market WA rate 1,309.3
Bank-customer Market WA rate

1,309.5

  • 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
(June 2020)
7.91 %
Year on Year Inflation
(June 2020)
4.16 %

     Source : Ministry of Planning and Finance