Regulatory AlertsCentral Bank of Myanmar Regulations for Financial Institutions
The Central Bank of Myanmar issued these regulations to establish operational frameworks for financial institutions, mandating minimum reserve ratios of 10 percent for demand deposits and 5 percent for time deposits. The rules set statutory interest rate boundaries between three percent below and six percent above the Central Bank rate, while capping foreign exchange spreads at four percent. Furthermore, the regulations formalize a Clearing House system for member banks and require weekly and monthly submission of reserve positions, asset-liability statements, and clearing house reports.
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