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Myanmar, formerly known as Burma, has a developing economy with a significant reliance on international trade and tourism. To facilitate the exchange of currencies, there are several currency exchange services operating in the country. Among them, the following five are considered to be the largest and most established:
- Central Bank of Myanmar (CBM):
The primary role of CBM is to manage the country’s monetary policy and regulate the financial system. It also provides currency exchange services through its branches and authorized dealers. CBM is the largest and most trusted currency exchange service in Myanmar, offering a wide range of currencies at competitive rates.
- Myanmar Foreign Trade Bank (MFTB):
MFTB is a state-owned commercial bank that plays a significant role in Myanmar’s foreign trade. It offers currency exchange services to businesses and individuals involved in international trade transactions. With its extensive network of branches, MFTB is a convenient option for currency exchange in Myanmar.
- Yoma Bank:
Yoma Bank is a leading private commercial bank in Myanmar. It provides comprehensive banking services, including currency exchange, to its customers. Yoma Bank is known for its reliable and efficient services, making it a preferred choice for currency exchange in Myanmar.
- CB Bank:
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