Central Bank to limit payments to only the kyat

The Central Bank of Myanmar is moving to strengthen the kyat’s use in the local economy, eventually pushing the country’s hotels, restaurants and shops to list prices only in the local currency. It has issued a letter directed at government ministries and regional governments, stating they must use only local currency for charges as well […]

K10,000 Notes to Get a Makeover, CBM Move Stokes Inflation Worries

A new series of 10,000 kyat notes will be issued starting July 1, according to an announcement by the Central Bank of Myanmar (CBM). The new notes have been designed to improve quality, raise security standards, and prevent counterfeiting, according to CBM. A new shade of reflective green will be used for the numeral 10,000, […]

57 security companies bid for Myanmar’s stock exchange service provider licenses

YANGON, April 10 (Xinhua) — Fifty-seven private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Friday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for the […]

More than 100 companies bid for Myanmar’s stock exchange service provider licenses

More than 100 private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Wednesday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for the establishment since Jan. […]