The Republic of the Union of Myanmar

Central Bank of Myanmar

Capital Market

Activities on the Development of Capital Market in Myanmar

With  a  view  to  support  the  long  term  capital  for  economic  enterprises, companies  and  investors,  to  efficiently  protect  the  investments  and  contribute  to  the  development  and  modernization  of the  state  economy,  the  Capital  Market  Development  Committee  was  organized  on  1st  July,  2008, led  by  the Union  Minister  for  the  Ministry  of  Finance  and  Revenue.  Moreover, six  sub-committees  were  formed  on  September  17,  2008,  so  as  to  provide  effective  and  efficient  assistance to  main  committee. These sub-committees are:

  1. Sub-committee  for  the  development  of  domestic  securities  market
  2. Sub-committee  relating  to  establishment and  encouragement of public companies
  3. Sub-committee  regarding  the  enactment  of  the  Securities  Exchange  Law
  4. Sub-committee  concerning  with  the  establishment  of  securities companies
  5. Sub-committee  for  training,  educating  and  information  concerning with  the  capital  market  and
  6. Sub-committee  for  accounting  and auditing  standards  for  Securities  Market

            In  addition,  Road  Map  for  the  development  of  capital  market  in  Myanmar  has  already  been  drawn  up  in  accordance  with  the  time  frame  for  the  development  of  ASEAN  integrated  Capital  Market.  There  are  three  phases  to  be  implemented  in  that  Road  Map.  The first phase is from   2008 to  2009.  The  second  phase  is  from  2010  to  2012 and the third phase  is  from  2013  to  2015. 

            As an  implementation  of  the  bond  market  development  in  Myanmar,  the  Central  Bank  of  Myanmar  has  issued  2-year  government  treasury  bond  and  kyat  ten  million  denomination  of  treasury  bond  has  been  issued  apart  from  current  issued  treasury  bonds  since  1st  January  2010.

            In order  to  develop  efficient  market  infrastructure  and  trading  market  of  the  government  bonds,  Myanma Economic Bank (MEB)  and  Myanmar Securities Exchange Center Co., Ltd (MSEC) have been appointed as agents of the sale of the Government Treasury Bonds since January 2010. Moreover, secondary market trading is allowed since April, 2013.

Regarding the  development  of  Bond  Market,  under  the  ASEAN  Bond  Market  Initiative (ABMI) program,  with  the  assistance  from the  Japan - ASEAN  Fund  for  the  Technical  Assistance  (JAFTA),  the  ASEAN  Secretariat  assigned  the  Daiwa  Institute  of  Research  (DIR)  for  the  Technical  Assistance.  The  technical  assistance  Phase 1  was    implemented  from  June,  2011  to  May  2012. The phase II was also implemented from june, 2013 to May, 2014.

  In order to support  for  the  Capital Market Development  in Myanmar, The Japan Exchange Group, the Daiwa Institute of Research Ltd, the Policy Research Institute of Ministry of Finance, Japan, the Stock Exchange of Thailand, the Securities and Exchange Commission of Thailand and the Korea Exchange are providing the Technical Assistant  for  Myanmar Capital Market Development according  to  MoUs.

The  Securities and Exchange Law is enacted during July, 2013.

MMK per USD - Date 1st December 2021

Reference Exchange Rate


MMK Exchange rate for other currencies are available here (

Interest Rate(%)
Central Bank Rate 7%pa
Minimum Bank Deposit Rate 5%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)




Economic Indicators (%)
GDP Growth Rate
2019-2020 FY
3.20 %
Annual Rate of Inflation
(February 2021)
2.61 %
Year on Year Inflation
(February 2021)
1.51 %

    Source :

    Ministry of Planning, Finance and Industry