GOVERNOR of the Central Bank of Myanmar Dr Khin Naing Oo received Indian Ambassador to Myanmar Mr Abhay Thakur and his team at the Central Bank of Myanmar in Nay Pyi Taw yesterday.
They held cordial discussions on issues relating to the further development and benefits of the Indian rupee-Myanmar kyat direct payment system for trade and investment. They also discussed ongoing collaboration to develop interoperability between UPI QR and RuPay systems and Myanmar’s MMQR infrastructure, involving the Reserve Bank of India, the National Payments Corporation of India (NPCI), the Central Bank of Myanmar MMQR Consortium, and the Myanmar Payment Union (MPU), as well as the draft agreement on the establishment of a bilateral currency arrangement between the Indian Rupee and Myanmar Kyat, and measures to further strengthen mutually beneficial banking cooperation.
The meeting was attended by Deputy Governors and departmental officials from the Central Bank of Myanmar. — MNA/MKKS
