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jpinx

Term deposit rates - versus security

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well the kyat lost 20% against the USD in latest 12 months so retrospectively you would have lost 10% in USD terms, but even worse http://www.cbbank.com.mm/personal_banking/personal_accounts_fixed.aspx

Currently, only Myanmar Nationals are eligible to open Interest bearing account

So we can just let the morons go down the sewer with their shitty currency rolleyes.gif

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Anyone got any new experience of non-Burmese folks being allowed to have term deposits there?

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Foreigners are allowed to open only current accounts, bearing zero interest, if not mistaken.

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I go the Tachilek, Shan State often. Went in several banks, asking if I could open an account. Always smiles, and "no. Must be Myanmar person."

One place said it may be possible in Yangon.

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