Acting President of the Republic of the Union of Myanmar and State Security and Peace Commission Chairman Senior General Min Aung Hlaing inaugurated the new building of the Central Bank of Myanmar (Mandalay Branch) yesterday morning.

On the occasion, Secretary of the Commission and Joint Executive Chief General Ye Win Oo, Union Minister for Transport and Communications U Mya Tun Oo, Union Minister for Construction U Myo Thant, Mandalay Region Chief Minister U Myo Aung and Central Bank of Myanmar Governor Daw Than Than Swe formally opened the new bank building.

The Senior General unveiled the new building and had documentary photos taken together with attendees.

The Senior General, the Secretary of the Commission and Joint Executive Chief and attendees sprinkled scented water on the plaque of the building. The Senior General viewed around the new building.

A video clip on the brief history of the bank branch and the construction process was presented. Union Minister U Myo Thant handed over the documentary book for the new building to CBM Governor Daw Than Than Swe. The CBM Governor presented a commemorative gift to the Senior General and spoke words of thanks for opening the new bank branch.

Officials conducted the Senior General round the documentary photo gallery on the construction of the building.

Also, present at the ceremony were Union minister-level dignitaries, senior Tatmadaw officers from the Office of the Commander-in-Chief, the commander of Central Command, departmental officials, members of the Board of Directors of the CBM, and officials from the Myanmar Banks Association, the State-owned banks and private banks.

The Central Bank of Myanmar is implementing its vision and mission in conformity with the current era in order to stabilize and develop the monetary sector of Myanmar. Moreover, efforts are being made to control the monetary sector in regions and states, improve the monetary sectors of all regions and implement financial inclusion and conduct effective supervision in border regions. In accord with the guidance of the Head of State, a new building of the Central Bank of Myanmar (Mandalay Branch) was built in Mandalay, starting from the 2022-23 financial year. In the work process, the Ministry of Construction took responsibility for the construction of the new bank branch building of the CBM, meeting the characteristics of international bank buildings.

MNA/TTA

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