Myanmar Central Bank official responds to NLD’s call for greater autonomy
To encourage an autonomous Central Bank of Myanmar (CBM) is one of the priorities outlined by the National League for Democracy (NLD) in its draft economic policies, but officials say they are already on the right track.
The draft will likely be used as a basis for policy decision-making, if the party is voted into power in the upcoming 8 November election.
U Phyo Min Thein, an MP for the NLD and a member of the parliamentary Banks and Monetary Affairs Development Committee, told The Myanmar Times that the independence of the CBM is little more than nominal and that its autonomy remains weak in many areas.
