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250 delegates from all over the world attend Myanmar's first banking
2013-08-09

Since 2011, Myanmar has achieved progress in its financial industry. It managed to reduce 50% of its 10 billion US dollar accumulated foreign debt, established a floating exchange rate, and liberalized its single insurance market. But more concerns are still ahead, many of which were discussed at Myanmar's very first banking and finance summit.


Did You Know?
Bargaining is an art long practiced in Asian countries including Myanmar . So feel free to ask for a proper discount when shopping in places where prices are not marked. Be careful in dealing with sidewalk vendors who... ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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