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The Central Bank of Myanmar was founded as the Union Bank of Burma on 3 April 1948 by the Union Bank of Burma Act, 1947 [ 2][ 3] and took over the functions of the Rangoon branches of the Reserve Bank of India. [ 4] The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had the sole right to issue currency ...
Ayeyarwaddy Farmers Development Bank (A Bank) [ 4] Co-operative Bank (CB Bank) [ 5] Myanmar Citizens Bank [ 6] Glory Farmer Development Bank (G Bank) Kanbawza Bank. Myanma Apex Bank. MD Bank. Myanmar Metro Bank. Myanmar Oriental Bank.
In 2019, the Central Bank of Myanmar issued a new series of banknotes that feature a portrait of its national hero Aung San after longstanding calls to redesign the kyat. The first denomination issued for this new series was the Ks. 1,000/- banknote, which was issued into circulation on 4 January 2020, [ 26 ] followed by the Ks. 500/- banknote ...
The Central Bank of army-ruled Myanmar will issue a new banknote worth twice as much as the current highest denomination, state-run media reported Sunday, in a possible reaction to the economy ...
Since at least 2022, Myanmar is undergoing an ailing economy; the ruling military junta plans to shore up the worsening state of its balance of payments. When the kyat fell by a third of its pre-coup value, the central bank then sold $600 million worth of foreign reserves (10% of the entire country's total) to prop up the kyat. By April 2022 ...
Win Thaw, Deputy Governor. Personal details. Born. ( 1967-02-03) February 3, 1967 (age 57) Than Than Swe ( Burmese: သန်းသန်းဆွေ) is a Burmese civil servant who currently serving as the governor of Central Bank of Myanmar. [ 1] She became the first female to hold the position of governor in history.
The CB Bank was established on 21 August 1992 with the permission of the Central Bank of Myanmar. It started as a small bank with 33 employees and has around 7000 in 2016. In 2004, it became a public company. [ 5] The CB Bank's head office is located in the Botahtaung township area of Yangon . CB Bank heaquarter at Yangon.
Myanmar: Burmese kyat: Central Bank of Myanmar: မြန်မာနိုင်ငံတော်ဗဟိုဘဏ် 1948 Namibia: Namibian dollar: Bank of Namibia: 1990 Nauru: Australian dollar: No central bank; uses the Australian dollar as its domestic currency Nepal: Nepalese rupee: Nepal Rastra Bank