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.