Banking and Finance

NEWS & RESOURCES

Central Bank of Myanmar moves to increase foreign exchange liquidity

The Central Bank of Myanmar allows exporters to exchange 50% of earnings at market rates.

Latest on Myanmar foreign remittance controls

CBM to review all foreign currency purchases.

Myanmar opens up the non-banking financial sector to 100% foreign participation

Foreign investors to be able to operate finance and leasing businesses in Myanmar.

Myanmar's New Foreign Currency Restrictions

A detailed analysis of Myanmar's new foreign currency restrictions.

Myanmar card spending limits cut in half

On 7 April 2022 the Central Bank of Myanmar (CBM) issued a letter effectively cutting spending limits on Myanmar issued credit cards and...

Updates to cash withdrawal limits

Updated cash withdrawal limits keep general limits unchanged, but provide clarity on some of the exceptions.

Dropping exchange rate controls

Restrictions requiring banks and money changers to use the Central Bank of Myanmar's reference rate for currency exchange are dropped.

Central Bank exempts COVID-19 related expenses from cash withdrawal limits

CBM exempts cash withdrawal limits for Covid-19 expenses.

Central Bank of Myanmar continues to tackle liquidity issues

The Central Bank of Myanmar has taken further steps to limit the ability of depositors to withdraw cash.

Central bank providing additional relief to banks

The CBM issued two directives on 7 May 2021, changing the reserve requirments and the method of calculating the liquidity ratio.

Cash withdrawal limits

The Central Bank of Myanmar (CBM) has recently issued new limits on the amount of cash which can be withdrawn from accounts. In a letter...

Central bank news on foreign investment

Central Bank of Myanmar notice allowing foreign investment in Myanmar banks. Read more

Allowing greater foreign participation in import/export

The Myanmar Government has followed up this week’s blockbuster Companies Law reform by announcing details of incremental liberalising...