August 18, 2016

Meeting held to discuss USD-kyat exchange rates

Nay Pyi Taw, 25 Aug — USD exchange rate management was discussed by the Foreign Exchange Committee and private banks during a meeting held in Nay Pyi Taw on Tuesday.
Union Minister U Soe Thane underscored the importance of Myanmar’s financial sector in the country’s development and  said that the Ministry of Finance, the Central Bank and local private banks must work together closely for the betterment of the national economy, which has been hit hard by a weakening kyat in recent weeks.
The meeting was also attended by Union Minister for Commerce U Win Myint, Union Minister for Finance, U Win Shein, Deputy Minister for Home Affairs Brig-Gen Kyaw Kyaw Tun, Deputy Minister for Finance Dr Maung Maung Thein, as well as senior representatives from the Central Bank and local private banks. MNA


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