Myanmar gold exchange to be opened in 2016
According to the vice-chair of the Myanmar Federation of Mining Association, Myanmar first official market for gold and metal will be opened in Yangon early this year. The secretary of Myanmar Gold Entrepreneurs Association said,” Myanmar has never had an official gold market and there are only traditional markets. The emergence of the official gold market may keep the exchange rate and the price of goods stable and gold would be allowed to be exported through the new exchange while foreign buyers will also be able to buy other metals on the new market. It is learned that the President’s Office has already granted permission for the new market. It is also learned that debate is still going on as to which Ministry should be responsible for granting licences to qualified individual traders.
5 January 2015