Central Bank of Myanmar
မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်

Seal
Headquarters
Headquarters	Naypyidaw
Established	3 April 1948 (as Union Bank of Burma)
Ownership	100%state ownership[1]
Governor	Than Than Swe
Central bank of	Myanmar (Burma)
Currency	Myanmar kyat MMK (ISO 4217)
Preceded by	Union Bank of Burma People's Bank of Union Bank of Burma
Website	www.cbm.gov.mm

TheCentral Bank of Myanmar(Burmese:မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်,MLCTS:mranma nuingngamtau bahuibhan;IPA:[mjəmànàinŋàndɔ̀bəhòʊbàn]; abbreviatedCBM) is thecentral bank ofMyanmar (formerly Burma).

Its headquarter is located inNay Pyi Taw, and has branches inYangon andMandalay.

The Central Bank of Myanmar was founded as the Union Bank of Burma on 3 April 1948 by the Union Bank of Burma Act, 1947^[2][3] and took over the functions of the Rangoon branches of theReserve Bank of India.^[4] The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had the sole right to issue currency for the country.

In 2013, the Central Bank of Myanmar became an autonomous and independent regulatory body by the Central Bank of Myanmar Law, which was enacted by theMyanmar parliament.

In 2019, the Central Bank began working on a national standard QR payment system.^[5] DubbedMyanmarPay (MMQR), the standard was launched in February 2025.^[5][6]

During the2021 Myanmar coup d'état, military authorities removed the central bank's civilian-appointed leadership, including governor Kyaw Kyaw Maung, and deputy governorBo Bo Nge, who was sentenced to 20 years in prison in December 2022 on politically motivated corruption charges.^[7][8]

TheState Administration Council appointed Than Nyein in Kyaw Kyaw Maung's place.^[9][10] On 19 August 2022, the SAC appointedThan Than Swe as the governor.^[11] She became the first woman to hold the position.

CBM has liberalised the financial organisations for competition, efficiency and integration into the regional financial system. As of the end of October 2020, there are 27 non-banking finance companies that are currently licensed by the Central Bank.^[12] According to the changes in the economic requirements of the country, the Central Bank rate has been increased from 10 percent to 12 percent since 1 April 2006.^{[citation needed]}

Agricultural liberalisation speeded up after the elimination of the government procurement system of the main agricultural crops such as rice, pulses, sugarcane, cotton, etc., in 2003–04. The state also reduced the subsidised agricultural inputs, especially fertiliser. With an intention to enhance private participation in trade of agricultural products and inputs, the government is now encouraging export of crops which are in surplus in domestic markets or grown on fallow or waste land, giving opportunities to farmer and private producers.

Upon the guidance of the Ministry of Finance & Revenue, the CBM is responsible for financial stability and supervision of the financial sector in Myanmar. The institutional coverage of the financial supervisory authority includes state-owned banks and private banks in Myanmar. Two main approaches (on-site examination and off-site monitoring) are currently used for supervision, regulation and monitoring of financial stability.

On-site examination involves assessing banks’ financial activities and internal management, to identify areas where corrective action is required and to analyse their banking transactions and financial conditions, ensuring that they are in accordance with existing laws, rules and regulations and the instructions of the CBM by using CAMEL. Off-site monitoring operations are normally based on the weekly, monthly, quarterly and annual reports which are submitted by the banks to the CBM.

The Central Bank has also issued guidelines on the statutory reserve requirement, capital adequacy, liquidity, classification of N.P.L. and provision for bad and doubtful debts, single lending limit, etc. The reserve requirement, liquidity and capital adequacy required to be maintained by financial institutions have been prescribed according to the standards of the Bank for International Settlements (BIS). However, the implementation of Basel II will still take a few more years.

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1. Governor's Office
2. Administration and Human Resources Development Department
3. Monetary Policy Affairs and Financial Institutions Regulation Department
4. Financial Institutions Supervision Department
5. Accounts Department
6. Foreign Exchange Management Department
7. Currency Management Department

Source:^[15]

• Myanmar kyat
• List of banks in Burma
• Economy of Burma
• List of central banks

• "The Union of Myanmar"(PDF). South East Asian Central Banks Research and Training Centre. 2005. pp. 45–49. Archived fromthe original(PDF) on 29 September 2007. Retrieved2 July 2006.

19°47′29″N96°08′39″E / 19.7915°N 96.1441°E /19.7915; 96.1441

• Banks of Myanmar
• Central banks
• Government agencies of Myanmar
• Buildings and structures in Naypyidaw
• Banks established in 1948
• Government agencies established in 1948
• 1948 establishments in Burma
• Economy of Myanmar

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