vomer Posted August 15, 2013 Report Share Posted August 15, 2013 Dinar Dealer http://www.thuraswiss.com/sites/all/themes/onecol/popupnews.php?id=3dc94896-00ad-11e3-84d5-bc305b35673fAccording to a senior official at the Central Bank of Myanmar, interbank currency trading has begun in the country. The reform, which was introduced on Monday, is the latest to Myanmar’s banking and finance sector. Currently, foreign banks are still unable to operate in Myanmar and because the local banking system is still largely undeveloped, the interbank market is predicted to remain minor for some time. However, many foreign banks have opened branches in the country and once a new banking law is in place, the potential for a more developed foreign exchange market is immense. Domestic banks will now be able to negotiate exchange rates with each other and will be able to update bid/ask prices constantly, rather than once a day as they do now. U Than Lwin, vice-chairman of Kanbawza Bank, the major private lending institution in Myanmar, says that interbank currency trading is a welcome move and will be a step towards the development of an international standard foreign exchange market. Many also view the move as aimed at reducing the black market currency trading that is still rampant in Myanmar. Link to comment Share on other sites More sharing options...
Linda Bower Posted August 15, 2013 Report Share Posted August 15, 2013 It will be interesting to see if Myanmar is finally ready to end their isolation and join world commerce. But the beauty of Myanmar is that it is one of the few places on earth you can go to and see a culture that hasn't been corroded by western civilization. I am in no way saying I respect or condone the actions of the military junta as far as human right issues pertain, but it seems they are taking the right steps for a prosperous future. 1 Link to comment Share on other sites More sharing options...
caz1104 Posted August 15, 2013 Report Share Posted August 15, 2013 It will be interesting to see if Myanmar is finally ready to end their isolation and join world commerce. But the beauty of Myanmar is that it is one of the few places on earth you can go to and see a culture that hasn't been corroded by western civilization. I am in no way saying I respect or condone the actions of the military junta as far as human right issues pertain, but it seems they are taking the right steps for a prosperous future. Look at you Ms Bower!!!!!! Howz U & family in Kittyland? 2 1 Link to comment Share on other sites More sharing options...
caz1104 Posted August 15, 2013 Report Share Posted August 15, 2013 (edited) I got a neg for responding to an ol friend that I haven't spoken to in about a year? Who also breeds cats................ WOW TOUGH CROWD Edited August 15, 2013 by caz1104 1 Link to comment Share on other sites More sharing options...
waterman13 Posted August 15, 2013 Report Share Posted August 15, 2013 evened you out CAZ WM13 1 Link to comment Share on other sites More sharing options...
caz1104 Posted August 15, 2013 Report Share Posted August 15, 2013 Appreciate that..............I was more or less wanting a reason to why? - peace Link to comment Share on other sites More sharing options...
Linda Bower Posted August 15, 2013 Report Share Posted August 15, 2013 hey Cazzzzzzzzz, long time no see!!!! 1 Link to comment Share on other sites More sharing options...
caz1104 Posted August 19, 2013 Report Share Posted August 19, 2013 Hey my Lovely Friend yes it's been awhile. Don't venture into chat anymore but do miss chattin with you. Link to comment Share on other sites More sharing options...
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