The Central Bank of Myanmar (CBM) issued a Statement on the rules and regulations which will be necessary to be stable in banking service and financial sector

The Central Bank of Myanmar issued a statement on Monday. The Statement said that the Central bank of Myanmar is issuing rules and regulations necessary for the banks to be compatible with international norms and to be stable in banking service and financial sector.

The fact that was answered by the Deputy Governor of the Central Bank of Myanmar at the 2nd Pyithu Hluttaw 13th Regular session on 27th August was not fully suitable with the stance of the Central Bank of Myanmar. The Central Bank of Myanmar will continue to make meetings and coordination between the current banks and entrepreneurs.

As the nature of the Central Bank of Myanmar, it will provide fully as the Lender of Last Resort if there are needs of the banks. Therefore, the public are informed not to be concerned about banking.

(Myanmar International TV Channel: https://www.myanmaritv.com/news/banking-finance-central-bank-myanmar-issues-statement )

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