YANGON -- On Feb. 1, Myanmar's military detained State Counselor Aung San Suu Kyi and President Win Myint in the country's first coup since 1988, bringing an end to a decade of civilian rule. Our Yangon branch, opened on 4 May 2015, adds to UOB’s unrivalled Southeast Asian presence. (+95-1) 231 5288, 230 3278, 230 3277 (+95-1) 226 355; 8. The central bank has a duty to control and supervise the stability of monetary system, according to the provisions of Section 40 (f) of Central Bank Law. 33 Alan Pya Phaya Road, Dagon Township, Downtown Yangon, 11181 Yangon, Myanmar. Country Currency Value Rate; United State Dollar: USD: 1/-=K: 1,411.0 : Euro: EUR: 1/-=K : 1,690.2 : Singapore Dollar Email-Address . 03. We have operated in Myanmar for more than 20 years and in 2014 became the only Thai Bank to be awarded a foreign banking license by the Central Bank of Myanmar. Central Bank of Myanmar . The Central Bank of Myanmar (CBM) revoked the license of Asia Yangon Bank Ltd on the evening of 16 March due to the breach of existing laws, according to the CBM’s statement on 16 March. Our commitment to Myanmar began more than two decades ago when we opened a representative office in Yangon in 1994. The Union Bank of Burma was established on 3rd April 1948 by the Act of Union Bank of Burma 1947 and took over the functions of the Yangon branches of the Reserve Bank of India. (209), Corner of Baho Street and Tayattaw Street, Sanchaung Township, Yangon (+95-1) 2304989~91 (+95-1) 2304992; 9. Bank code A-Z 4 letters representing the bank. “The directives are intended to regulate NBFIs and ensure they operate systematically within the scope of the Central Bank, including setting interest rates. These codes are used when transferring money between banks, particularly for international wire transfers. Yangon Region Investment Committee (YRIC) is the investment approval agency for investment enterprise according to the Myanmar Investment Law in Yangon Region. By Nan Lwin 28 May 2020 . City Express Myanmar and Money King were granted remittance licenses on January 5. With the aiming at the improvement of business environment thorough development of the national economy in Myanmar, the Myanmar Investment Law is enacted in October 2016 and followed its rules in 2017. Mandalay Branch. Swift Code / BIC (Bank Identifier Code) Details for CBMYMMMY and CBMYMMMY___ CBMYMMMY is the swift code for Primary Office of CENTRAL BANK OF MYANMAR Bank in YANGON Myanmar. 01. Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. 02. She did so unremarkably, best exemplified by the sclerotic Central Bank of Myanmar (CBM), bunkered down 360 kilometres away from Yangon’s commercial bustle in the Potemkin-esque political capital Naypyidaw. EFT (Electronic fund transfer or wire transfer to direct bank account) facility ia available for Central Bank Of Myanmar located in Yangon with swift bic routing code of CBMYMMMY in , Myanmar. Myanmar coup: What we know so far. The headquarters of the Central Bank of Myanmar moved to Nay Pyi Taw in 2006. The Central Bank of Myanmar (CBM) has revoked the license of Z Corporation Co Ltd, making the company the second this year to have its Non-Bank Financial Institution (NBFI) license rescinded. No. 15 August 2018. Contact: +603 2074 7916. CENTRAL BANK OF MYANMAR, YANGON - SWIFT Code Information; SWIFT Code / BIC: CBMY MM MY Copy Send via Email: Money Transfer : Save on international fees by using TransferWise, which is 5x cheaper than banks. (241), 26th Street, Between 82 x 83 street, Chan Aye Tharzan Township, Mandalay. CBM governor Kyaw Kyaw Maung had a clerical career across government banks – and in the … 1. Back. The Central Bank of Myanmar (CBM) has issued remittance licenses to two Myanmar-registered companies, permitting them to handle cross border money transfers, according to its statement on January 6. The licenses, issued with the aim of discouraging illegal retail cross border transfers, had been issued to … Key posts such as finance and the central bank were hers to appoint. Contact Us ဆက်သွယ ... Lanmadaw Township, Yangon, Myanmar. Since this swift code belongs to a primary office of the bank, it can have an optional branch code "___". With the opening of Myanmar banking system, Maybank successfully obtained a full branch banking license in 2014 and commenced our banking operations on August 3, 2015. Maybank is the only Malaysian Bank to be granted a … The Central Bank of Myanmar (CBM) has released new regulations covering the establishment, operations and business conduct of non-bank financial institutions (NBFI) in the country. Branches of Central Bank of Myanmar from Yangon and Mandalay held a coordination meeting via videoconferencing yesterday. YANGON—The Central Bank of Myanmar (CBM) has launched an upgraded payment and settlement system that facilitates transactions between financial institutions around the country at any time, including utility bill payments and large payroll transactions. Deputy Governor of the Central Bank of Myanmar Daw Khin Saw Oo lits candles to officially open representative office of the State Bank of Myanmar. In 2013, UOB became the first foreign bank to establish a Foreign Direct Investment Advisory unit in Myanmar to help its clients explore business opportunities in the country. Most Read. Shan Lan Zay Branch. CENTRAL BANK OF MYANMAR SWIFT Code Details A SWIFT/BIC is an 8-11 character code that identifies your country, city, bank, and branch. Bank of China (Hong Kong) Limited (“BOCHK”) is pleased to announce that it has been granted the preliminary approval by the Central Bank of Myanmar to set up Yangon Branch in the country. Official Website: www.cbm.gov.mm Contact Email: cbminfo@cbm.gov.mm YANGON—Myanmar’s Union Parliament approved a motion on Wednesday to borrow over 1.3 trillion kyats (US$925 million) from the Central Bank of Myanmar (CBM) to cover budget deficits as the country’s spending on economic and social recovery and health care is expected to increase due to the COVID-19 pandemic. Central Bank of Myanmar. 190 talking about this. 01- 8603747, 01- 543743. Receive Money: Get paid at the real exchange rate by using TransferWise. This SWIFT BIC code list was searched 226 number of times in the past. Maybank Expand Menu. Closest airports: Yangon International Airport Despite an imbalance of commercial loans making up 87% or US$18 billion of the total, and retail loans a mere 10%, the Central Bank of Myanmar … Myanmar military declares one-year state of emergency. ... Maybank established our presence in Myanmar in 1994 when we set up our Yangon Representative Office. Sule Pagoda, Yangon City Hall, Shwedagon Pagoda, CB Bank Head Office, UNICEF Myanmar, United Nations Information Centre Yangon, University of Medicine 1, Yangon, Telenor Myanmar Head Office, Central Bank of Myanmar, Yangon Institute of Economics. The CBM said its reasons for doing so include very few transactions, inappropriate business structure, weak accounting processes and failure to address these concerns despite Z The Central Bank of Myanmar placed emphasis on stabilizing the monetary system regarding the rumours. SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution. With its location close to Bandola Park Bus Terminus and Phaya Lan Train Station, it allows easy commute to … Phone. Upgrading from a Representative Office, our Yangon Branch opened on June 2, 2015 at No.5 Kaba Aye Pagoda Road, Yankin Township. U Than Nyein, the Governor of CBM, joined the online meeting from his office in Nay Pyi Taw. (+95-2) 4021240~42 … YANGON: All Myanmar banks were closed nationwide on Monday following a military coup, declaration of a state of emergency and the detention of de facto civilian leader Aung San Suu Kyi. Meanwhile, the Central Bank of Myanmar on Wednesday announced that citizens can continue the use of the notes trustfully and banking services without worries as the directive has been given to the banks to operate banking services as usual. 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