Inflation hits year-high in December 2019

Inflation hits year-high in December 2019

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Myanmar’s Central Statistical Organization (CSO) released the latest inflation figures for 2019 showing that the annual rate of inflation in Myanmar, based on the Consumer Price Index, stood at 8.81 percent in December. The average inflation ra

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Central Bank removes trading band

Central Bank steps into currency issue

Posted on August 16, 2018

The Central Bank of Myanmar (CBM) has announced that it has removed a 0.8 percent trading band around a reference rate for the Myanmar kyat in moves that have been welcomed by the business community, according to an article in Frontier. The trading b

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President nominates CBM governor

President nominates current CBM governor for another term

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U Kyaw Kyaw Maung, the incumbent Central Bank Governor, has been nominated for another five-year term by President U Win Myint. The governor’s current term is due to expire on 31st July. Under the 2013 Central Bank Law, the governor can serve t

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