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Tags Posts tagged with "Burmese kyat"

Burmese kyat

Myanmar microfinance at 30% interest rate

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A new private bank in Myanmar, Myanmar Microfinance Bank, is currently awaiting the central bank's approval to commence operations. The bank will provide microfinance loans...
Myanmar phases out dollar surrogate

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Myanmar abolished its secondary currency, the Foreign Exchange Certificates (FEC), on March 20, 2013 as per an official announcement by the Finance Ministry. FEC were...
Myanmar allows private money changers

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The Central Bank of Myanmar has allowed three private companies to open foreign exchange counters in the country in addition to those run by private banks in a move to boost inflow of foreign currency.
Investors concerned about Myanmar law

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Foreign investors are still wary of what they feel are obscure investment regulations, inadequate infrastructure and the volatility of the local currency in Myanmar,...
Myanmar clears 60% of foreign debt

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Myanmar on January 28 announced a deal with international lenders to cancel or refinance nearly $6 billion of its debt, almost 60 per cent...
JCB

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The Japan Credit Bureau (JCB) has announced that they will be launching operations in Myanmar, making them the third major credit card company to...