Central Bank of Myanmar embraces radical overhaul

Central Bank of Myanmar

The Central Bank of Myanmar is close to securing operational independence to allow it to set interest rates, manage reserves and conduct open market operations without the need to first secure permission from the Ministry of Finance and Revenue. This will take place by amending the Central Bank of Myanmar Law dating from 1990 and could take place within the next few months.

"The authorities have accepted this idea and are taking the necessary measures to give operational autonomy to the central

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