The Republic of the Union of Myanmar

Central Bank of Myanmar

Criteria for Offshore Loan

Announcement for requesting approval of the Central Bank of Myanmar for offshore loan

1.   In accordance with paragraph 48 of the Foreign Exchange Management Regulation, resident shall not take foreign loans from abroad or conduct other types of borrowing abroad or documents that are likely to be loans without the prior approval of the Central Bank, and shall comply with the provisions of the Central Bank.

2.   As per the above paragraph 1, resident, who wants to seek an offshore loan, to get the approval of the Central Bank of Myanmar may apply directly or through Myanmar Investment Commission (MIC) to the Central Bank of Myanmar by submitting the following documents:

(a)  An application which is addressed to "the Central Bank of Myanmar, Office No(55), Nay Pyi Taw".

(b)  Relevant documents with regard to the company's profile such as Company Registration Certificate, MyCo Company Extract, Company Constitution.

(c)  If the company has been already established, audited financial statements for the current year and previous year as approved by an external certified auditor, who should be a Certified Public Accountant.

(d) Loan Agreement (Draft) including repayment schedule for the proposed loan and other relevant data.

(e)  Bank Credit advices or Bank Statement or the evidence of equity transferred to the company (borrower).

(f)  Other documentary evidence.

3.   Based on the submitted documents, the Central Bank of Myanmar will review and scrutinize the following facts, and approve or reject the proposal:

(a)  Whether the amount of equity capital of the applicant exceeds USD 500,000 if the applicant is a MIC permitted company.

(b)  Whether the amount of equity capital of the applicant exceeds USD 50,000 if the applicant is a company registered at the Directorate of Investment and Company Administration (DICA).

(c)  Whether the applicant (borrower) has an access to a matching foreign exchange income or not.

(d) Whether the borrower is able to repay the loan from the income generated from domestic business, and has plans to mitigate the exchange risk even if he or she does not have a foreign exchange income.

(e)  Whether the borrower has already transferred 80% of equity committed in MIC permit or not.

(f)  Whether Debt to Equity Ratio is within a maximum of 4:1 or not if the applicant is a MIC permitted company.

(g)  Whether Debt to Equity Ratio is within a maximum of 3:1 or not if the applicant is a DICA registered company.

(h)  Whether there are completion and correctness of terms and conditions mentioned in loan agreement and documents or not.

(i)   Whether the loan tenure is medium-term or long-term, and loan repayment schedule is consistent with loan agreement or not.

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 27th January 2021

Reference Exchange rate
(WA market rate)
Interbank Market WA rate 1,330.8
Bank-customer Market WA rate


CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM.

  • Methodology on determination of Reference Exchange Rate is available here

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
2018-2019 FY
(October to September)
6.80 %
Annual Rate of Inflation
(November 2020)
4.60 %
Year on Year Inflation
(November 2020)
0.97 %

    Source :

    Ministry of Planning, Finance and Industry