Myanmar law to give its central bank autonomy


YANGON: Myanmar is expected to enact a law within days that will give more autonomy to the central bank, which is currently part of the Finance Ministry, according to a senior official in the president’s office.

The new law is part of a series of economic and political reforms pushed through by the quasi-civilian government of President Thein Sein, in office since nearly half a century of military rule ended in March 2011. Parliament passed the law on Monday and it now goes to the president.

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Business , Business , myanmar , banking , thein sein

   

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