Myanmar : Selected Issues

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

February 2, 2017

Electronic Access:

Free Full Text (PDF file size is 795 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper examines the strategy and priorities for reform in Myanmar’s financial sector. The IMF helped design and implement a foreign currency auction by the Central Bank of Myanmar (CBM), as a first step to develop foreign currency price discovery and replace a heavily regulated formal market segmented from informal markets, with the ultimate objective of creating a unified market. Key achievements have included new legislation to establish an autonomous CBM with clearer authority for licensing, supervision and regulation of banks, and monetary policy, in line with a new mandate for price and financial stability. Significant progress has also been made in bank supervision.

Series:

Country Report No. 17/31

Subject:

English

Publication Date:

February 2, 2017

ISBN/ISSN:

9781475574135/1934-7685

Stock No:

1MMREA2017002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

44

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