The Republic of the Union of Myanmar

Central Bank of Myanmar

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CHAPTER XI Offence and Penalty

87. Whoever violates any provision of section 84 shall, on conviction be punished with fine which may extend to kyats 5,000.

88. A member, personnel or agent of the Central Bank who violates the provision of section 85 shall, on conviction be punished with, fine which may extend to kyats 10,000 or with imprisonment for a term which may extend to 2 years or with both.

89. Whoever violates the provision of section 86 shall, on conviction be punished with imprisonment for a term which may extend from a minimum 5 years to a maximum of 10 years. In addition, the exhibits shall also be confiscated.

90. Whoever abets, attempts, or conspires in the commission of any offence under this Law shall be liable to the punishment provided in this Law for such offence.

 

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date: 20th September 2019

Reference Exchange rate
(WA market rate)
1,534.2
Interbank Market WA rate 1,534.3
Bank-customer Market WA rate 1,534
  • 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 10%pa
Minimum Bank Deposit Rate 8%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)

13%pa

 

16%pa

Economic Indicators (%)
GDP Growth 6.50 %
Annual Rate of Inflation 8.08 %
Year on Year Inflation 9.51 %

     Source : Ministry of Planning and Finance