CBM takes steps towards smoother financial management

CBM takes steps towards smoother financial management

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This week the Central Bank of Myanmar (CBM) made 2 important announcements aiming to improve everyday’s life of banking citizens. First it said that it had “upgraded its payment and settlement system to facilitate transactions between fin

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Myanmar legalizes foreign remittances

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Independent cash remittance services can now receive official licenses to transfer money between Myanmar and other countries. The Central Bank of Myanmar will issue the licenses mainly to overseas employment agencies. Myanmar people have been able to

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