27 January 2024
The Central Bank of Myanmar organized a briefing on the rupee and kyat trade settlement mechanism to start rupee/kyat direct payment using the Special Rupee Vostro Account (SRVA) for bilateral trade between Myanmar and India in Nay Pyi Taw yesterday.
The designated banks for rupee and kyat payments, such as UAB, CB Bank PCL, and Punjab National Bank, explained the rupee/kyat trade settlement mechanism. Attendees participated in the discussion, and the governor concluded the meeting.
