Regulatory AlertsInstructions for Bilateral Interbank FX Transactions
The Central Bank of Myanmar authorizes commercial banks to conduct bilateral interbank foreign exchange transactions, specifically FX Forward and FX SWAP, to enhance market liquidity and currency flexibility. Banks must execute these transactions under mutually agreed terms covering permissible currencies (USD, EUR, JPY), maximum one-year tenors, actual delivery mechanisms, and standardized valuation dates. Daily reporting via CBM-NET is mandatory by 17:00, and institutions must maintain their net open positions within ±30 percent of core capital while adhering to international contracting standards.
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