(Reuters photo)A committee chaired by officials from the Myanmar Finance Ministry and the central bank has been created to deal with exchange rate volatility. Senior officials from various state-owned enterprises and the Financial Regulation Department also sit on the committee, Maung Maung Win told the Myanmar Times. State-owned enterprises that are involved in foreign exchange transactions, such as the state-owned banks that dominate the local market for foreign currency accounts or firms with foreign exchange earnings, will also be involved, he added. Maung Maung Win would not comment on the details, but said he expected an official policy response from the government soon. Myanmar companies, banks and businesspeople have been calling on the government to address the exchange rate issue for years.

Source: Bangkok Post November 14, 2016 07:57 UTC