Central Bank of Myanmar governor reappointed

Central Bank of Myanmar
The 79-year-old U Kyaw Kyaw Maung will lead the central bank for another five years.

Myanmar’s parliament has reappointed Kyaw Kyaw Maung for another five years as governor of the Central Bank of Myanmar (CBM), despite strong opposition.

The appointment was submitted by the Myanmar president Win Myint to the parliament on July 26 and was passed on July 31. The president’s office issued the government order on July 31 to confirm the appointment. Kyaw Kyaw Maung’s term was due to expire on July 31.

The 79-year-old is a veteran banker and a junta-era official who is still serving

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