The South East Asian Central Banks (SEACEN) was first established as a legal entity in 1982 with eight member central banks (Bank Indonesia, Bank Negara Malaysia, Central Bank of Myanmar, Nepal Rastra Bank, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, Central Bank of Sri Lanka and Bank of Thailand). It has grown 17 members with the inclusion of the Bank of Korea in 1990, Central Bank Chinese Taipei, in 1992, Bank of Mongolia in 1999, Ministry of Finance Brunei Darussalam (current member is Authority Monetary Brunei Darussalam) in 2003, Reserve Bank of Fiji in 2004, Bank of Papua New Guinea in 2005, National Bank of Cambodia in 2006, State Bank of Vietnam in 2006 and the People’s Bank of China in 2011. Currently, the SEACEN Centre is located at Lorong University A 59100, Kuala Lumpur (off Jalan Unjiversiti, Petaling Jaya), Malaysia.It is about 11 kilometres west of Kuala Lumpur city.
The basic objectives of the SEACEN Centre are to promote a better understanding of the financial, monetary, banking and economic development matters which are of interest to the central banks and monetary authorities of the countries in South East Asia or of interest to the region as a whole and to stimulate and facilitate cooperation among central banks and monetary authorities in the area of research and training. In line with the SEACEN’s Vision which is to be a Premier Regional Training Centre for Central Banks in the Asia Pacific Region, the Centre conducts the comprehensive and high quality trainings to develop skills, knowledge and expertise in central banking and high quality research on issues of regional importance to central banks.
As Myanmar is a founding member of the SEACEN, the Governor of the Central Bank of Myanmar, always attends the SEACEN Governors’ Conference and the Board of Governors’ Meeting and the Deputy Governor, always participates in the SEACEN Executive Committee Meeting every year. Moreover, the SEACEN Centre holds the Meetings of Directors of Research and Training, Directors of Supervision and Director of Payment and Settlements every year to meet the SEACEN Centre’s Vision and Mission. On the other hand, Learning and Research Programs are conducted under the Strategic Initiatives for every operating year and qualified staff from the Central Bank of Myanmar participate in some learning events under the SEACEN Trust Fund and Additional Trust Fund allocated by the SEACEN Centre and in some Research Projects as well.