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Published February 09, 2012

Burmese banks launch overseas exchange services

Four private banks in Myanmar are launching money exchange services in three ASEAN countries, creating secured channels for remittances from Thailand, Malaysia and Singapore.

Date: February 09, 2012
Author: Wong Wei Han
Categories: Exchanges, FX market, Markets & Exchanges
Keywords: Overseas Exchange Services, Ayeyawaddy Bank, Kanbawza Bank, Asian Green Development Bank, Cooperative Bank, forex

Four private banks in Myanmar, including Cooperative Bank, Kanbawza Bank, Asian Green Development Bank and Ayeyawaddy Bank, will start offering money exchange services in Thailand, Malaysia and Singapore in February 2012. The launch of these services is significant for overseas Burmese, who will now...

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