Kbz Exchange RateCZK Exchange rate
Myanmar Message Board ATM withdrawals
Hello, an old article about cash machines reminds me that CB-Bank recently (March) requested 6500 kyats for a withdraw. Some of the other financial institutions I used charge 5,000 kyats. I' d also like to divide what the ATM withdraw rate for KBZ bench really is. the avarage rate of those 2 withdrawals I made during those 2 days is 1172k yat.
The KBZ is 5000 kyats. In the case of a withdraw of 300,000 kyats, the rate is less than 2%. In addition, there are your own banking fees, if you can get a zero credit or debit cards, then that is all you will do. Charged 2% cashout commission outside the EU and a 2.75% non-sterling commission, so the maximum per withdraw (about 179 today) would mean that I would be paying 8.50 pounds banking commission + 3 pounds Myanmar banking commission = 11.50 or 6.42% this is high and I clearly did not use my debit card unless in an stats.
I' m using a prepaid credit or debit terminal with low ATM charges. It' s a pity that the maximum is only 300.000 Kyat.....the top ATM in Myanmar is the same as Thai ATM ('150 Baht, but some are actually 180 Baht), or Vietnam ATM..... My money is 100% refunded from ATM charges all over the globe.
Personal I don't like to carry a burden from $US to Myanmar or other places, it's pretty sure to carry a burden of $US in Myanmar......the key point is that it's not necessary now.....
Completion of KBZ agreement with Yangon Stock Exchange
The KBZ of the Yangon Stock Exchange (YSX), the only investment processing company to have been appointed, today concluded a formal agreement with YSX to implement the agreement. The Securities and Exchange Commission of Myanmar chose KBZ as one of the country's six leading financial institutions, said Daw Tin May Oo, a member of the SECM, in her opening speech at the signature.
It prevailed against the competitors to act as the Yangon stock exchange's clearing and deposit house because it is ready to meet the country's needs, said U Nyo Myint, Sr. Myt. It was signed at the Bank's new office on Strand Square near the Exchange premises.
This agreement was concluded by U Yin Zaw Myo, CEO of Yangon Stock Exchange Joint Venture Co Ltd, and U Than Cho, KBZ Bank Ltd's Sr. Myo. The agreement requires all traders (investment firms) to place money in the security of the YSX.
Investment firms must make sure that the resources on the account of each and every one of their co-investors are sufficient. "The Yangon Stock Exchange system is currently on trial," says U Yin Zaw Myo. It has the broadest banking ecosystem among privately owned institutions and the e-inclusion needed for a clearing house, he said.
"We' re going to attend to purchasers and vendors on the exchange as soon as possible," he said last night. Yangon Exchange is scheduled to start in March. This will be the first state-of-the-art security exchange in the state.