The Republic of the Union of Myanmar

Central Bank of Myanmar

CHAPTER III Functions, Duties and Powers of the Central Bank

8. The functions and duties of the Central Bank include: —
(a) acting as the sole issuer of domestic currency, either bank notes or coins;
(b) acting as a banker to the Government by maintaining the accounts of the Government;
(c) acting as advisor to the Government in respect of such economic matters as the Government may require including economic development policies and plans, and the State budget;
(d) acting as advisor and agent of the Government for the issuance of government securities;
(e) formulating and implementing monetary policy in order to achieve its objectives in accordance with its aim;
(f) inspecting, supervising and regulating the financial system so as to ensure its sound and safe operation and development;
(g) acting as a banker for the financial institutions and to foreign governments and international agencies;
(h) implementing the exchange rate policy of the State and as agent of the Government, controlling foreign exchange transactions;
(i) managing the international reserves of the State and undertaking the responsibility of carrying out necessary measures to ensure a stable and viable balance of payments position which will permit the normal settlement of international transactions by residents;
(j) performing the transactions resulting from the participation of the State in intergovernmental organizations in the banking, credit and monetary sphere and undertaking all the responsibilities in the name of the Government dealing with the aforesaid organizations on behalf of the Government.

9. The Central Bank is also authorized to carry out the following functions and duties: —
(a) issuing securities in its own name and for its own account and buying from, selling to and dealing in such securities with the public;
(b) undertaking remittances;
(c) providing custody for securities and collecting interest or dividends receivable thereon;
(d) selling and realizing the value of movable or immovable property which may come into its possession in satisfaction of its claims;
(e) establishing credits and giving guarantees in any currency inside or outside the State on such terms and conditions as it may deem fit;
(f) giving decisions in matters where sanction to take legal action under this Law is requested.

10. The Central Bank may acquire, lease, maintain or sell in accordance with law such business premises and equipment as it deems necessary for carrying out its operations.

11. The Central Bank shall also carry out such operations as may be consequential or incidental to the exercise of its powers and discharge of its duties under this Law.

12. The Central Bank shall dispose of any equity interests it may acquire in the satisfaction of its claims from the debtor as soon as feasible.

13. The Central Bank shall not engage in the following: —
(a) organizing companies or enterprises or activities whose sole objectives is profit-making, which is not consistent with the functions of the Central Bank under this Law and acquiring equity interests in such companies and enterprises;
(b) granting different types of loans and advances except as authorized under this Law;
(c) granting loans and advances to the staff of the Central Bank including members, except with approval of the Government.

MMK per USD - Date 3rd December 2021

Reference Exchange Rate (CBM Auction 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