The Republic of the Union of Myanmar

Central Bank of Myanmar

Payment & Settlement Systems Course opened

The opening ceremony of 6th SEACEN-CeMCoA/ BOJ Intermediate Course on Payment and Settlement Systems for Emerging Economies, jointly conducted by South East Asia Central Banks and Central Bank of Myanmar, was held at Sedona Hotel here this morning, with addresses by Executive Director of SEACEN Dr. A.G Karunasena and Vice-Governor of Central Bank of Myanmar U Maung Maung Win.

The one-week course is being attended by 44 trainees from 16 Asian countries.

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 22nd September 2020

Reference Exchange rate
(WA market rate)
1,316.0
Interbank Market WA rate 1,315.8
Bank-customer Market WA rate

1,316.3

  • 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 (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
2018-2019 FY
(October to September)
6.80 %
Annual Rate of Inflation
(June 2020)
7.91 %
Year on Year Inflation
(June 2020)
4.16 %

     Source : Ministry of Planning and Finance