Foreign banks are not allowed to operate in Myanmar and the local banking system is rudimentary, so the interbank market is likely to be tiny initially.

BANGKOK--An order by Myanmar’s central bank that all foreign currency in bank accounts must be converted into the local currency has many in the military-ruled country worried over potential losses.

It started as a privately owned bank, and remains the largest one in Myanmar today. In 1999, the current management – led by U Aung Ko Win and his family – took over operations, and over the last two ...

but by experienced local names. In a time when emerging markets are struggling to maintain their explosive growth rates of old, Myanmar, guided by a strong banking sector, remains on the upward curve.

Military-appointed authorities in Myanmar are making progress ... Its spokesman, Zaw Min Tun, said the central bank had been unable to meet local demand for dollars. Win Thaw said he hoped an ...

YANGON/MOSCOW (Eleven Media Group/ANN): Myanmar and Russia signed agreements on opening bank accounts between the central banks of two countries and tourism. Myanmar delegation led by State ...