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It provides trade finance and foreign exchange-related banking to the government, state enterprises, and the international community residing in Myanmar. [2] MFTB also manages Burma's official foreign currency reserves. [2] Until recent economic reforms, MFTB had a monopoly on foreign exchange and customer base. [2]
On 1 April 2012, the Government of Myanmar began allowing for a managed float of the kyat and legalised the use and exchange of foreign currencies in Myanmar to better reflect the global exchange rates, attract investment, and to weaken the black markets. On 20 March 2013, the government announced the discontinuation and gradual withdrawal of ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The kyat currency hit a record low last week, plummeting to around 4,500 per dollar on the black market, according to five foreign exchange traders. Black market rates for the kyat have for years ...
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
Ayeyarwaddy Farmers Development Bank (A Bank) [4] Co-operative Bank (CB Bank) [5] Myanmar Citizens Bank [6] Glory Farmer Development Bank (G Bank) Kanbawza Bank; Myanma Apex Bank; MD Bank; Myanmar Metro Bank; Myanmar Oriental Bank; Myanma Tourism Bank [7] Shwe Rural and Urban Development Bank (Shwe Bank) Tun Commercial Bank (formerly Tun ...
Exchange rates: kyats per US dollar – 1,205 (2008 est.), 1,296 (2007), 1,280 (2006), 5.82 (2005), 5.7459 (2004), 6.0764 (2003) note: unofficial exchange rates ranged in 2004 from 815 kyat/US dollar to nearly 970 kyat/US dollar, and by year end 2005, the unofficial exchange rate was 1,075 kyat/US dollar; data shown for 2003–05 are official ...