Ministry of Finance (Myanmar)
| ဘဏ္ဍာရေးဝန်ကြီးဌာန | |
| Agency overview | |
|---|---|
| Formed | 1948 |
| Type | Ministry |
| Jurisdiction | Government of Burma |
| Headquarters | Naypyidaw |
| Minister responsible | |
| Deputy Ministers responsible | |
| Website | www |
The Ministry of Finance (Burmese: ဘဏ္ဍာရေးဝန်ကြီးဌာန; abbreviated MOF; formerly the Ministry of Finance and Revenue) administers Burma's monetary and fiscal policies.
Ministry of Finance is currently led by Win Shein, who was appointed by President Thein Sein on 7 September 2012.[1] The Ministry of Finance's State Lottery Department administers the Burmese lottery.
See also
Financing Geothermal projects in Myanmar use an estimated break even power cost of 5.3-8.6 U.S cents/kWh or in Myanmar Kyat 53-86K per kWh. This pegs a non-fluctuating $1=1000K, which is a main concern for power project funding. The main drawback with depreciation pressures, in the current FX market. Between June 2012 and October 2015, the Myanmar Kyat depreciated by approximately 35%, from 850 down to 1300 against the US Dollar. Local businesses with foreign denominated loans from abroad suddenly found themselves rushing for a strategy to mitigate currency risks. Myanmar’s current lack of available currency hedging solutions presents a real challenge for Geothermal project financing.[2]
