Exchange rate fluctuation smooth as USD falters

Moderate depreciation of the US dollar against Asian currencies over the past three months has resulted in marked improvements for the kyat, which has appreciated as much as 2.42 percent against the greenback since mid-February. According to official exchange rates in Yangon, the value of the kyat against the dollar has grown from K988 on […]

Joint Ventures, Branch Offices First on Offer to Foreign Lenders: CB Official

YANGON — An easing of restrictions will likely allow foreign banks to enter into joint ventures with local lenders and open branch offices in Myanmara, according to Khin Saw Oo, deputy governor of the Central Bank. Responding to a report from Reuters that Myanmara would allow some foreign banks to start offering limited financial services […]