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CBM ends fixed exchange rate, permits sales at market rate

December 07, 2023

The Central Bank of Myanmar (CBM) announced on December 5 that it will no longer set the exchange rate for foreign currency transactions and will allow sales according to the market rate.

Plans underway to withdraw money from some banks seized by armed groups: CBM

November 21, 2023

Lin Aung, vice-governor of the Central Bank of Myanmar (CBM), said that plans were underway to withdraw money from some branches of banks which were seized by armed groups in some townships across the nation, and if the customers want to take out their cash, they must show strong evidence.

CBM: Exporters to sell export earnings in their accounts in four months after their entry into bank

SUNDAY, SEPTEMBER 05, 2021

Central Bank of Myanmar issued a statement dated September 3 saying that exporters must sell their balance income within four months after the earnings they have received with current market price.

Over 1m plastic cards issued in 3 years

FRIDAY, JUNE 19, 2015

About 5 per cent of Myanmar's population has a bank account, but the number of people holding debit or credit cards is now over 1 million, or about 1.8 per cent of the population.

Central Bank criticised over new banknotes

TUESDAY, JUNE 02, 2015

On May 28, the Central Bank of Myanmar (CBM) announced that new 10,000-kyat notes will be printed to enhance the security and quality of Myanmar's currency. The new notes will feature a new emerald-green design and watermark, as well as a chemical on both

Dollar jumps on rumours

THURSDAY, MAY 14, 2015

An alleged rumour is circulating in Yangon that the dollar has strengthened because a private bank has been buying thousands of dollars.