Myanmar seeks to boost investor confidence through independent central bank launch
As part of reforms, Central Bank of Myanmar will shift its policy focus to adjusting underlying demand for and supply of bank reserves via open market operations and deposit auctions.
As Myanmar continues to bolster efforts to attract foreign investment into the country in a bid to accelerate economic growth, the domestic government’s recent announcement, promising a revamp and independence to the Central Bank of Myanmar, will serve as welcome news to many.
According to Khin Saw Oo, deputy director general of the central bank’s regulation and anti-money laundering divison, the new central bank will be empowered to adjust monetary conditions independently, stopping it from financing the government’s debts, with the country’s…
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Categories: Capital & Strategic Issues
, Risk and Regulation
Keywords: Central Bank of Myanmar
, Khin Saw Oo