Central Bank of Myanmar


Established3 April 1948 (as Union Bank of Burma)
Ownership100% state ownership[1]
GovernorThan Than Swe
Central bank ofMyanmar (Burma)
CurrencyMyanmar kyat
MMK (ISO 4217)
Preceded byUnion Bank of Burma
People’s Bank of Union Bank of Burma

The Central Bank of Myanmar (Burmese: မြန်မာနိုင်ငံတော်ဗဟိုဘဏ်; MLCTS: mranma nuingngamtau bahuibhan; IPA: [mjəmà nàinŋàndɔ̀ bəhòʊbàn]; abbreviated CBM) is the central bank of Myanmar (formerly Burma).


Its headquarter located in Naypyidaw, and it has branches in Yangon and Mandalay. The Governor is Kyaw Kyaw Maung and three Vice Governors are Soe Min, Soe Thein, Bobo Aung (Mohammed Aarif) and Bo Bo Nge. The Central Bank of Myanmar became an autonomous and independent regulatory body by the Central Bank of Myanmar Law which was enacted by the Myanmar Parliament in 2013.


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 the Reserve Bank of India.[4] The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had a sole right of currency issue.


CBM has liberalised the financial organisations for competition, efficiency and integration into the regional financial system. As of the end of October 2020, there 27 non-banking finance companies that are currently licensed by the Central Bank.[5] 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.

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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As of end of May 2018, its current members are as follows:

Department Director generals Deputy director generals Directors
Than Nyein[6]
  • Win Thaw[7]
  • Than Than Swe
Administration & Human Resource Development Department Aung Aung Myo Min
Financial Institutions Supervision Department Than Than Swe Win Myint
  • Win Htein Min
  • Khin Swe Win
Accounts Department Myint Myint Kyi Khaing Shwe War Khin Sandar
Governor's Office Win Thaw
Currency Management Department Aung Kyaw Than
  • Ye Aung
  • Nyan Tin
  • Tun Lin Aung
  • Kyaw Ye Naing
  • Kyaw Min Oo
Foreign Exchange Management Department May Toe Win Min Han Soe Win Htike
Monetary Policy Affairs and Financial Institutions Regulation Department Tin Moe Moe
  • Thet Thet Hla
  • Moe Moe Kyi
  • Tin Nyo Tun
  • Htwe Htwe Aye
Win Win Than
Internal Audit Department May Khaing Win Hla Htay
Board Secretary's Office Nwe Ni Tun
Yangon Branch
Mandalay Branch Aung Kyaw Htoo

List of governors

# Name Took office Left office
1 Kyaw Nyein 1 July 1954 25 March 1968
2 Kyaw Nyunt 18 December 1971 31 July 1975
3 Aye Hlaing 8 August 1975 12 August 1981
4 Aung Sint 5 September 1981 22 March 1985
5 Kyaw Myint 15 July 1985 11 April 1986
6 Maung Maung Hla 11 April 1986 15 October 1987
7 Maung Maung Han 11 January 1988 27 December 1992
8 Kyi Aye 31 December 1992 2 November 1997
9 Kyaw Kyaw Maung 20 November 1997 11 April 2007
10 Than Nyein 12 April 2007 31 July 2013
11 Kyaw Kyaw Maung 1 August 2013 2 February 2021
12 Than Nyein 2 February 2021 19 August 2022[8]
13 Than Than Swe[9] 19 August 2022 Present


Appointment of governor

The proposed reappointment of Than Nyein as governor in February 2021.[11]

See also

Further reading


Coordinates: 19°47′29″N 96°08′39″E / 19.7915°N 96.1441°E / 19.7915; 96.1441