Myanmar to allow foreign banks operating in

Local media reported on January 19 that the central bank of Myanmar ( Burma ) will allow this foreign banks operating in the country . enacted legislation that deals with this issue are doing And the World Bank And the International Monetary Fund IMF also participated . Meanwhile Will allow the private bank payment currency 3 In commercial terms , Including the U.S. dollar Singapore dollar And euro rou Against Burma 's KYAT exchange rate based on daily price fluctuations .


Until this time There are nearly 20 foreign banks And to business in Myanmar . Banks come from Brunei Bangladesh, Cambodia , China , India widely in Malaysia , Singapore , Thailand and Vietnam .This time there are 19 private banks Bank and State 3 In Myanmar . February 2013 the United States has allowed financial services as a bank 4 Myanmar . 4 banks , the U.S. Treasury Department licenses can use the U.S. financial system STATE ECONOMIC BANK Bank MYANMAR INVESTMENT AND COMMERCIAL BANK Bank private banking ASIAN OREEN DEVELOPMENT BANK and AYAYAWADDY BANK.