The Republic of the Union of Myanmar

Central Bank of Myanmar

Press Release Information regarding the award of banking license in the Republic of the Union of Myanmar

The Licensing Committee is pleased to announce that, as part of the second stage of the award of banking license in the Republic of the Union of Myanmar, 25 RFP responses have been received before the deadline of July 14, 2014, 3PM local time (Nay Pyi Taw).

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MMK per USD - Date 18th October 2021

Reference Exchange Rate (CBM Auction Rate)

1820.0

MMK Exchange rate for other currencies are available here (forex.cbm.gov.mm)

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

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)

10%pa

 

14.5%pa

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