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12 Oct 2008
  
 
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Rules and Regulations >> Supervisory Framework

Supervisory Framework

The Ministry of Finance and Revenue (MFR) is responsible for overall administration of the government's fiscal and monetary policies. The Central Bank of Myanmar (CBM), which is under MFR, is responsible for formulating and implementing monetary policy. The CBM uses monetary policy instruments for reserve requirements and establishing interest rates, and to some extent uses open market operations. The CBM is an advisor and agent of the government for the issuance of government securities. It licenses, inspects, supervises, and regulates financial institutions.

To prepare for a securities market, the Myanma Economic Bank created the Myanmar Securities Exchange Center Company Ltd. (MSEC), a joint venture with Daiwa Institute of Research Ltd. of Japan.

There is no existing securities commission in Myanmar.

  
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