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 abolished its secondary currency, the Foreign Exchange Certificates (FEC), on March 20, 2013 as per an official announcement by the Finance Ministry.
FEC were...
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.
Foreign investors are still wary of what they feel are obscure investment regulations, inadequate infrastructure and the volatility of the local currency in Myanmar,...