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Article: Myanmar to allow opening Singapore dollar bank account

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Xinhua News Agency
Article date:
February 17, 2008
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Myanmar to allow opening Singapore dollar bank account

YANGON, Feb. 17 (Xinhua) -- Myanmar will allow opening of bank account in Singapore dollar in some state-run banks dealing with foreign currencies, a leading local media reported Sunday.

The state-operated banks, which are authorized to start such bank services beginning later this month, are designated as the Myanmar Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank (MICB), the Voice Weekly said.

Observers view that the introduction of Singapore dollar account will facilitate dealing with respect to financial and economic investment between Myanmar and Singapore, according to the weekly.

The Singapore dollar account ...

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