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广播听力:Myanmar urged to open banking sector more widely to foreign investment

Source: CRI    2016-11-07  我要投稿   论坛   Favorite  

As a country recently untangled from Western sanctions, Myanmar's banking sector remains well-behind the curve.

It was only five years ago, in 2011, that the country got its first new batch of ATM's after authorities took all of them off-line in 2003 in the midst of a severe banking crisis.

A recent report by global consulting firm Roland Berger shows, less than one-in-four people in Myanmar have a bank account, and only 2-percent hold debit cards.

And it was not until early this year that the country's banking system adopted a real- time gross settlement system, which makes the once-manual process of clearing and settling payments alm