Regulatory Alerts2024-07-22
Central Bank of Myanmar Instructions and Directives (2021–2023)
The Central Bank of Myanmar issued a comprehensive compilation of thirty-three binding instructions and directives spanning 2021 to 2023 to regulate non-bank financial institutions and banking operations. These directives mandate strict licensing criteria, standardized minimum reserve requirements, and enhanced liquidity management frameworks while introducing interest on excess reserves and adapting foreign exchange rules for pandemic recovery. The framework enforces rigorous corporate governance, transparent financial reporting, and centralized oversight to ensure systemic stability and compliance across Myanmar’s financial sector.
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