Minister U Soe Thane urges the long-term view

The economic improvements to the country since the 2011 transition to civilian government are obvious, but reforms must be continued by subsequent governments, according to Coordinating Minister for Economic Development and Minister for the President’s Office U Soe Thane. Although the current course struck by the government has generated improvements in certain areas, progress has […]

Central Bank Reduces US Dollar Sales to Private Lenders

YANGON — The Central Bank of Myanmar has sharply reduced its sales of US currency to private banks since late October, according to banking industry sources. Since the end of last month, the Central Bank has decreased its sales of US currency by around $3 million per day, in the face of a strengthening US […]