On March 25, the CBM again issued instructions covering five directives on banking governance and statistics. Banks now have until August 31, 2023 to comply with:Notification … Myanmar releases directives for non-bank financial institutions. According with the new government, was formed on March30, 2011, Central Bank of Myanmar have to become independently to laid down the policies. In order to create an enabling regulatory environment for efficient and safe mobile financial services in Myanmar, the Central Bank of Myanmar issues the Regulation on Mobile Financial Services on March 30, 2016. All rights reserved. In 2013, a new central bank law Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. Ukraine: Central bank eases FX regulation of derivative transactions. ပမာဏကြီးမားသောကြွေးမြီများ ဆိုင်ရာစည်းမျဉ်း, ငွေရေးကြေးရေးအဖွဲ့အစည်းများဥပဒေအား အကောင်အထည်ဖော်ဆောင်ရွက်ရာတွင် ဘဏ်များ အားကောင်းခိုင်မာစေရေးနှင့် ဘဏ်လုပ်ငန်းစနစ် တည်ငြိမ်မှုရှိရန်အတွက် ဘဏ်များလိုက်နာဆောင်ရွက် ရမည့် အဓိကစည်းမျဉ်းတစ်ရပ်ဖြစ်သော ပမာဏကြီးမားသောကြွေးမြီများ ဆိုင်ရာစည်းမျဉ်းအား မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ၇-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။. According to the changes in the economic requirements of the country, the Central Bank rate has been increased from 10 percent to 12 percent since 1 April 2006. The Central Bank of Myanmar issues the Directive for the establishment, operations and business conduct of non-bank financial institutions. Whoever contravenes any of the provisions of this Act or any rule, direction or order made thereunder shall be punishable, with imprisonment for a term which may extend to three years, and shall also be liable to fine. ငွေရေးကြေးရေးအဖွဲ့အစည်းများဥပဒေအား အကောင်အထည်ဖော်ဆောင်ရွက်ရာတွင် ဘဏ်များ အားကောင်းခိုင်မာစေရေးနှင့် ဘဏ်လုပ်ငန်းစနစ် တည်ငြိမ်မှုရှိရန်အတွက် ဘဏ်များလိုက်နာဆောင်ရွက် ရမည့် အဓိကစည်းမျဉ်းတစ်ရပ်ဖြစ်သော မတည်ငွေရင်းလုံလောက်မှုဆိုင်ရာစည်းမျဉ်းအား မြန်မာနိုင်ငံတော် ဗဟိုဘဏ်က ၇-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။. 13/2019- 25.3.2019- The Directive on Aquisition of Substantial Interest (English Version) Order Relating to Apply the Pre- Permission for the Renovation and Construction of Hotel (or) Inn - Order no. The Central Bank of Myanmar (CBM) has released new regulations covering the establishment, operations and business conduct of non-bank financial institutions (NBFI) in the country. နိုင်ငံခြားသုံးငွေစီမံခန့်ခွဲမှုစည်းမျဉ်း, ၂၀၁၂ ခုနှစ် သြဂုတ်လ ၁၀ ရက်နေ့တွင် ပြဋ္ဌာန်းခဲ့သည့် နိုင်ငံခြားသုံးငွေစီမံခန့်ခွဲမှု ဥပဒေပါ ပြဋ္ဌာန်းချက်များကို အကောင်အထည်ဖော်ဆောင်ရွက်ရန်၊ နိုင်ငံခြားသုံးငွေလုပ်ငန်းကဏ္ဍဖွံ့ဖြိုးတိုးတက်စေရန်၊ နိုင်ငံခြားငွေ လဲလှယ်နှုန်းတည်ငြိမ်မှု ရရှိရန်နှင့် နိုင်ငံခြားသုံးငွေစီမံခန့်ခွဲမှုကို ပိုမိုကောင်းမွန်စေရန် ရည်ရွယ်၍ မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်သည် နိုင်ငံခြားသုံးငွေစီမံခန့်ခွဲမှုစည်းမျဉ်းကို ၃၀-၉-၂၀၁၄ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, တောင်သူလယ်သမားများဖွံ့ဖြိုးရေးဘဏ်ဖွဲ့စည်းတည်ထောင်လုပ်ကိုင်ခြင်းနှင့်သက်ဆိုင်သောစည်းမျဉ်း, ၁၉၉၀ ပြည့်နှစ် မြန်မာနိုင်ငံတော်ငွေရေးကြေးရေးအဖွဲ့အစည်းများဥပဒေပုဒ်မ ၉၁ ပုဒ်မခွဲ (ခ)အရ အပ်နှင်းထားသောလုပ်ပိုင်ခွင့်များကိုကျင့်သုံး၍ မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်ကတောင်သူလယ်သမားများဖွံ့ဖြိုးရေးဘဏ် ဖွဲ့စည်းတည်ထောင်လုပ်ကိုင်ခြင်းနှင့် သက်ဆိုင်သောစည်းမျဉ်းကို ၃၀-၇-၂၀၁၄ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။. CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM. The CBM announced that banks can charge a maximum of 20pc in interest rates on credit cards on April 24. List of Foreign Bank Subsidiaries; Bank Notes & Coins. Welcome to Central Bank. No persons shall, except with the general or special permission of the Controller bring or send into Myanmar any currency notes or bank notes or coin whether Myanmar or foreign. Transfers 7. In order to implement the Financial Institutions Law, the Central Bank of Myanmar issued the Liquidity Ratio Requirement Regulation on July 7, 2017. Transport and travel services 3. On 24 April 2020, the Central Bank of Myanmar (“CBM”) announced that, in view of the ongoing Covid-19 situation, it has granted a three-year extension for banks to comply with four notifications. The Central Bank of Myanmar has reiterated its commitments to ensuring stronger enforcement of banking rules and regulations in the country. Pursuant to Section 7 of the AMLL, the Central Board is the authority in charge of laying down policies of anti-money laundering and terrorism financing in Myanmar. Market capitalization of the private banks in Myanmar is pegged at roughly US$400 million, while the authorized capital of the Central Bank of Myanmar ("CBM") is set at US$ 300 million per the MCBL (2013).During the 1990s, Myanmar's banking industry made great strides, even offering credit cards for consumer use. The Central Bank of Myanmar Law-1990; The Law Amending the CBM Law-1997; The Central Bank of Myanmar Law -2013; The Law Amending the CBM Law-1995; FIML Laws. Central Bank of Myanmar. The Central Bank of Myanmar can be traced back to the Union Bank of Burma which was formed in April 1948 by the Act of Union Bank of Burma 1947. Central Bank of Myanmar- Instruction no. (i) Central Board. People are requested not to concern on the financial and banking services and to continue to use in trust. Regulations for Financial Institutions (28 th May, 1992) The Central Bank of Myanmar here by issues the following Regulations under the authority conferred by section 102 sub-section (b) of the Central Bank of Myanmar Law. Copyright © 2015 Central Bank of Myanmar. To strengthen the country’s financial sector, Financial Institutions Law was introduced January 2016. Central bank releases basic regulations for NBFIs The Central Bank of Myanmar (CBM) on July 9 issued a set of basic principles to help regulate the non-bank financial institution (NBFI) sector. Methodology on determination of Reference Exchange Rate is available. The Central Bank of Myanmar has retreated from tighter regulations of the banking sector which were drafted with advice from the International Monetary Fund, in what appears to be a response to concerns raised by local banks. Copyright © 2015 Central Bank of Myanmar. The Myanmar Times. In July 2017 the Central Bank of Myanmar (“CBM”) introduced a fresh set of four regulations (Notifications 16-19/2017 pertaining to capital adequacy, asset classification and provisioning, large exposures and liquidity ratio requirement respectively). In order to implement the Financial Institutions Law, the Central Bank of Myanmar issued the Large Exposures Regulation on July 7, 2017. From The Report: Myanmar 2019 After several years of rapid expansion and double-digit credit growth, Myanmar’s banking sector underwent several necessary reforms in 2017 and 2018, as the Central Bank of Myanmar moved to introduce … Currently, loan contracts and terms between NBFIs and their clients differ as there are no rules set by the CBM on loan agreements. Central Bank of Myanmar Reference Foreign Exchange Rates as of 5 th February 2021 The reference exchange rate of Myanmar Kyat against U.S. Dollar is calculated as weighted average exchange rate based on interbank and bank-customer trades conducted by … No person shall, except with the general or special permission of the Controller or the written permission of a person authorized in this behalf by the Controller, take or send out of Myanmar any gold, jewellery or precious stones, or any currency or foreign exchange . Banks now have until 31 August 2023 to comply with the following CBM Notifications, which were issued in 2017 to better align the Myanmar … By SEAN GLEESON | FRONTIER. The most formative laws for the contemporary banking sector of Myanmar are the Central Bank of Myanmar Law 2013, the Financial Institutions Law 2016, the Foreign Exchange Management Law 2015 and the Anti- Money Laundering Law 2014. 1/2019- 14.3.2019 The Central Bank of Myanmar has teamed up with the Daiwa Institute of Research and Tokyo Stock Exchange to establish a capital market and securities exchange in … The Central Bank of Myanmar Law-1990; The Law Amending the CBM Law-1997; The Central Bank of Myanmar Law -2013; The Law Amending the CBM Law-1995; FIML Laws. CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM. In an effort to help expand opportunities for businesses and individuals to hedge currency risks, the National Bank of Ukraine has updated its foreign exchange regulations and eased certain restrictions concerning derivative transactions. Income 5. The Central Bank of Myanmar and the Myanmar Payment Union Foundation have laid out the foundation for a payment system. His term coincided with the beginning of Myanmar’s democratisation process, with a new constitution adopted in 2008 and the first elections held in 2010. CBM Laws. The MBI agreed, as this activity could complement the technical assistance ADB was already providing to the FRD, the Central Bank of Myanmar More recently, the Central Bank of Myanmar Law was enacted in 2013, under which the Central Bank was established as a body with enhanced autonomy. In order to implement the Financial Institutions Law, the Central Bank of Myanmar issued the Asset Classification and Provisioning Regulations on July 7, 2017. CBM Laws. Knowledge Highlights 29 April 2020. Though there are still long queues at the banks, limited financial products, only collateral-based lending and heavy use of cash, the financial system is poised for growth and universal inclusion. Read More Remittance Business Regulations Read More ရရန်ပိုင်ခွင့်များအမျိုးအစားသတ်မှတ်ခြင်းနှင့် လျာထားခြင်း ဆိုင်ရာစည်းမျဉ်း, ငွေရေးကြေးရေးအဖွဲ့အစည်းများဥပဒေအား အကောင်အထည်ဖော်ဆောင်ရွက်ရာတွင် ဘဏ်များ အားကောင်းခိုင်မာစေရေးနှင့် ဘဏ်လုပ်ငန်းစနစ် တည်ငြိမ်မှုရှိရန်အတွက် ဘဏ်များလိုက်နာ ဆောင်ရွက် ရမည့် အဓိကစည်းမျဉ်းတစ်ရပ်ဖြစ်သော ရရန်ပိုင်ခွင့်များအမျိုးအစားသတ်မှတ်ခြင်းနှင့် လျာထားခြင်း ဆိုင်ရာစည်းမျဉ်းအား မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ၇-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, Asset Classification and Provisioning Regulations. The Central Bank of Myanmar here by issues the following Regulations under the authority conferred by section 102 sub-section (b) of the Central Bank of Myanmar Law. (a) to act as to role issuer of domestic currency and as a banker to the Government; (b) to act as an adviser to the Government in respect of economic matters; (c) to inspect and supervise the financial institutions; (d) to act as a banker for the financial institutions; (e) to manage the international reserves of the State and to perform the transactions resulting from the participation of the State in intergovernmental organization and to undertake all the responsibilities in the na… YANGON — Eighteen months after the passage of Myanmar’s landmark Financial Institutions Law, the Central Bank has issued a long-awaited set of regulations to govern the conduct of the sluggish domestic banking sector. Goods exported and imported 2. Except with the general or special permission of the Controller, no person resident in Myanmar shall lend any money either to any company which is controlled by persons resident outside Myanmar. ဝန်ထမ်းသက်သာချောင်ချိရေးရန်ပုံငွေစည်းမျဉ်း, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်ဥပဒေအရ မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏ လုပ်ငန်းတာဝန်များကို ထိရောက်စွာ အကောင်အထည်ဖော်ဆောင်ရွက်ရန် ဝန်ထမ်းသက်သာချောင်ချိရေးရန်ပုံငွေစည်းမျဉ်းကို မြန်မာနိုင်ငံတော် ဗဟိုဘဏ်က ၃-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်ဥပဒေအရ မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏ လုပ်ငန်းတာဝန်များကို ထိရောက်စွာ အကောင်အထည်ဖော်ဆောင်ရွက်ရန် ဗဟိုဘဏ် ဝန်ထမ်းဆိုင်ရာစည်းမျဉ်းကို မြန်မာနိုင်ငံတော် ဗဟိုဘဏ်က ၃-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏ဘဏ္ဍာရေးစည်းမျဉ်း, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်ဥပဒေအရ မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏ လုပ်ငန်းတာဝန်များကို ထိရောက်စွာ အကောင်အထည်ဖော်ဆောင်ရွက်ရန် မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏ ဘဏ္ဍာရေးစည်းမျဉ်းကို မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ၃-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ် ဒါရိုက်တာအဖွဲ့နှင့်သက်ဆိုင်သော စည်မျဉ်း, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်ဥပဒေအရ မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏ လုပ်ငန်းတာဝန်များကို ထိရောက်စွာအကောင်အထည်ဖော်ဆောင်ရွက်ရန်မြန်မာနိုင်ငံတော်ဗဟိုဘဏ် ဒါရိုက်တာအဖွဲ့နှင့်သက်ဆိုင်သော စည်မျဉ်းကို မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ၃-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်သည် ချေးငွေသတင်းအချက်အလက်ဌာန ထူထောင်ခြင်းနှင့် ချေးငွေသတင်းအချက်အလက် အစီရင်ခံခြင်းစနစ်တို့ကို အကောင်အထည်ဖော်ဆောင်ရွက်နိုင်ရန် ငွေရေးကြေးရေးအဖွဲ့အစည်းများဥပဒေ ပုဒ်မ ၁၈၄ အရ အပ်နှင်း ထားသော လုပ်ပိုင်ခွင့်ကိုကျင့်သုံး၍ ချေးငွေသတင်းအချက်အလက်အစီရင်ခံခြင်းစနစ်ဆိုင်ရာစည်းမျဉ်းကို ၃၁-၃-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, မိုဘိုင်းငွေရေးကြေးရေးဝန်ဆောင်မှု လုပ်ငန်းများဆိုင်ရာစည်းမျဉ်း, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်သည် မြန်မာနိုင်ငံတွင် မိုဘိုင်းငွေရေးကြေးရေးဝန်ဆောင်မှုလုပ်ငန်းများ စွမ်းရည်ပြည့်ဝစွာနှင့် ထိရောက်လုံခြုံစွာ ဆောင်ရွက်နိုင်ရန်အလို့ငှာ မိုဘိုင်းငွေရေးကြေးရေးဝန်ဆောင်မှု လုပ်ငန်းများဆိုင်ရာစည်းမျဉ်းအား ၂၀၁၆ ခုနှစ်၊ မတ်လ ၃၀ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။, Regulation on Mobile Financial Services (30th March, 2016). Toward the end of 2015, the MBI was asked by several MFIs in Myanmar to aid in improving the sectors regulatory environment. Other services 4. Central Bank extends regulation compliance deadline to 2023. Banking services care provided to public, harmony with rules and regulation prescribed by Central Bank of Myanmar in line with the accountability, responsibilities, dignity and innovation based on technology for the utilization. 1. The Central Bank of Myanmar (“CBM”) has published a number of directives in the year 2020 many of which are aimed at supporting the banking sector in an economy that is going through complexities triggered by the pandemic.We have produced below brief summaries of each of those directives as part of our yearly roundup of CBM regulations. CBM Section 68 and FIL Section 91 For the purpose of financial stability, the Central Bank shall be responsible for issuing licence, withdrawing licence, inspecting, supervising and regulating financial institutions, and may give such directions as may be necessary to ensure solvency and soundnessof suchinstitutions. The Financial Institutions Law is the cornerstone of the current government’s banking sector reform. ငွေကြေးမူဝါဒ အကောင်အထည်ဖော်ဆောင်ရွက်ချက် အစီရင်ခံစာ, Myanmar National Payments System Strategy (2020-2025) (English), Myanmar National Payments System Strategy (2020-2025) (Myanmar), Licensed Mobile Financial Service Providers, List of Mobile Financial Services Providers, List of Representative Offices of Foreign Banks and Finance Companies, Guideline on Risk Management Practices of Banks, Market Discount Rates at the Government Treasury Bill Auction, Market Weighted Average Yields at the Government Treasury Bond Auction, Information Booklet for Government Securities Issuing and Trading System, Securities Company များအား အစိုးရငွေချေးသက်သေခံလက်မှတ်များ ရောင်းဝယ်ခြင်းကို Primary Market နှင့် Secondary Market တို့တွင် ပါဝင်ဆောင်ရွက်နိုင်ရန် Operational Procedure ထုတ်ပြန်ခြင်း, International Transactions Reporting System (ITRS) Code/ FET Reporting Code, Activities of Interbank Foreign Exchange Market for 8.2.2021, Activities of Interbank Foreign Exchange Market for 5.2.2021, Activities of Interbank Foreign Exchange Market for 4.2.2021, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏သတင်းထုတ်ပြန်ချက်, Examination on AML/CFT activity of the Banks, Depository Corporations Survey, Other Depository Corporations Survey, Money Supply, Sectoral Loans of State-Owned Banks and Private Banks, Criteria for Foreign Exchange Dealer Licenses, Criteria for Non-Bank Money Changer License, Registration Template for Projected Repatriation Schedule of Principal, Monetary and Financial Cooperation with ASEAN and ASEAN+3 Countries, Directive for Interbank Money Market Transactions, Instruction for Bilateral Interbank FX Transactions, Instruction for Bilateral Repurchase (Repo) Agreement, Except with the previous permission of the Controller, no person other than an authorized dealer shall in Myanmar, and no person resident in Myanmar other than an authorized dealer shall outside Myanmar, buy or borrow from or sell or lend to or transfer to or exchange with, any person not being an authorized dealer, any foreign exchange. Laws & Regulation. However, the Rules, regulations, bye-laws, orders and directives made or issued under the repealed Central Bank of Myanmar Law remain in force, in so far as they are not inconsistent with the provisions of the New Central Bank Law, or are not repealed or superseded. In order to implement the Financial Institutions Law, the Central Bank of Myanmar issued the Capital Adequacy Regulation (CAR) on July 7, 2017. As your community bank, we are committed to what is Central to you. directives of the Central Bank of Myanmar issued from time to time and in accordance with this regulation, the account in order to convert [foreign currency] into kyats for making a domestic payment, and to pay residents abroad in a permissible transaction. Where any foreign exchange is acquired by any person other than an authorized dealer for any particular purpose, or where any person has been permitted conditionally to acquire foreign exchange, the said person shall not use the foreign exchange so acquired otherwise than for that purpose or, as the case may be, where any foreign exchange so acquired cannot be so used, the said person shall without delay sell or offer to sell the foreign exchange to an authorized dealer. ငွေကြေးမူဝါဒ အကောင်အထည်ဖော်ဆောင်ရွက်ချက် အစီရင်ခံစာ, Myanmar National Payments System Strategy (2020-2025) (English), Myanmar National Payments System Strategy (2020-2025) (Myanmar), Licensed Mobile Financial Service Providers, List of Mobile Financial Services Providers, List of Representative Offices of Foreign Banks and Finance Companies, Guideline on Risk Management Practices of Banks, Market Discount Rates at the Government Treasury Bill Auction, Market Weighted Average Yields at the Government Treasury Bond Auction, Information Booklet for Government Securities Issuing and Trading System, Securities Company များအား အစိုးရငွေချေးသက်သေခံလက်မှတ်များ ရောင်းဝယ်ခြင်းကို Primary Market နှင့် Secondary Market တို့တွင် ပါဝင်ဆောင်ရွက်နိုင်ရန် Operational Procedure ထုတ်ပြန်ခြင်း, International Transactions Reporting System (ITRS) Code/ FET Reporting Code, Activities of Interbank Foreign Exchange Market for 8.2.2021, Activities of Interbank Foreign Exchange Market for 5.2.2021, Activities of Interbank Foreign Exchange Market for 4.2.2021, မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်၏သတင်းထုတ်ပြန်ချက်, Examination on AML/CFT activity of the Banks, Depository Corporations Survey, Other Depository Corporations Survey, Money Supply, Sectoral Loans of State-Owned Banks and Private Banks, Criteria for Foreign Exchange Dealer Licenses, Criteria for Non-Bank Money Changer License, Registration Template for Projected Repatriation Schedule of Principal, Monetary and Financial Cooperation with ASEAN and ASEAN+3 Countries, Directive for Interbank Money Market Transactions, Instruction for Bilateral Interbank FX Transactions, Instruction for Bilateral Repurchase (Repo) Agreement, Methodology on determination of Reference Exchange Rate is available. Except with the general or special permission of the Controller, no person resident in Myanmar shall settle any property, otherwise than by will, upon any trust under which a person who, at the time of settlement, is resident outside Myanmar. MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm), Ministry of Planning, Finance and Industry. All rights reserved. As of the end of October 2020, there 27 non-banking finance companies that are currently licensed by the Central Bank. The New Central Bank Law repeals the Central Bank of Myanmar Law of 1990. The Central Bank of Myanmar is paying emphasis on stability of financial system and so also, the banks are giving services firmly in line with regulations. MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm), Ministry of Planning, Finance and Industry. Central Bank of Myanmar extends deadline for banks to comply with four regulatory notifications to 2023 in view of Covid-19 29 April 2020 On 24 April 2020, the Central Bank of Myanmar (“ CBM ”) announced that, in view of the ongoing Covid-19 situation, it has granted a three-year extension for banks to comply with four notifications. The Central Bank of Myanmar (CBM) has raised annual credit card interest rates to 20 percent from 13pc as it wants to control unsecured lending operations, an official from the CBM told The Myanmar Times. “The directives are intended to regulate NBFIs and ensure they operate systematically within the scope of the … ငွေကြေးလွယ်ကူမှုအချိုးသတ်မှတ်ချက်ဆိုင်ရာစည်းမျဉ်း, ငွေရေးကြေးရေးအဖွဲ့အစည်းများဥပဒေအား အကောင်အထည်ဖော်ဆောင်ရွက်ရာတွင် ဘဏ်များ အားကောင်းခိုင်မာစေရေးနှင့် ဘဏ်လုပ်ငန်းစနစ် တည်ငြိမ်မှုရှိရန်အတွက် ဘဏ်များလိုက်နာဆောင်ရွက် ရမည့် အဓိကစည်းမျဉ်းတစ်ရပ်ဖြစ်သော ငွေကြေးလွယ်ကူမှုအချိုးသတ်မှတ်ချက်ဆိုင်ရာစည်းမျဉ်းအား မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်က ၇-၇-၂၀၁၇ ရက်နေ့တွင် ထုတ်ပြန်လိုက်သည်။. Central Banks; Central Bank of Myanmar to build capital markets with help from Japan. Discover why we are Kentucky's leading independent bank and let us help you reach your financial goals. CBM has liberalised the financial organisations for competition, efficiency and integration into the regional financial system. No person shall, except with the general or special permission of the Controller take or send any security to any place outside Myanmar. Currency Distribution; History of Bank Notes; Series of Bank Notes & Coins; Laws & Regulation. Central Bank of Myanmar needs to enact monetary policy independently to control the price stability in domestic market and to preserve the internal and external value of the Myanmar currency the kyat. No person shall have dealings in foreign exchange at rates of exchange other than the rates for the time being authorized by the Central Bank of Myanmar. In view of COVID-19, the Central Bank of Myanmar (CBM) has granted a three-year extension for banks to comply with four directives to better align the sector with international standards released in 2017. ITRS stands for "International Transactions Reporting System Code" which is a 4-digit numeric code to indicate the purpose of a remittance transaction and comply with the Central Bank of Myanmar regulations. 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