Banking and Finance

NEWS & RESOURCES

Sep 6

Overseas Myanmar Workers to remit home 25% of foreign earnings

Overseas Myanmar citizens required to remit 25% of income back home.

Aug 15

Central Bank of Myanmar to increase interest rates

The Central Bank policy interest rate is to increase from 7% to 9% from 1 September 2024. On 14 August 2024, the Central Bank of Myanmar...

Aug 8

CBM allows exporters to keep more foreign currency

On August 7, the Central Bank of Myanmar (CBM) issued notification 37/2024 with measures aimed at boosting the foreign exchange supplies...

Feb 12

Navigating Myanmar's New Agent Banking Directive: What You Need to Know

Introducing agent banking allows any corner shop to be an extension of a bank branch.

Jul 14, 2023

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.

Jun 27, 2023

Latest on Myanmar foreign remittance controls

CBM to review all foreign currency purchases.

Jul 16, 2022

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.

Apr 14, 2022

Myanmar's New Foreign Currency Restrictions

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

Apr 7, 2022

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...

Apr 2, 2022

Updates to cash withdrawal limits

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

Sep 15, 2021

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.

Jul 29, 2021

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

CBM exempts cash withdrawal limits for Covid-19 expenses.

Jun 21, 2021

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.

May 11, 2021

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.

Mar 5, 2021

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...

Feb 1, 2019

Central bank news on foreign investment

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

Aug 22, 2018

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...