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Table 3-14 Implementation strategy for RRP in CBM-NET Phase 2 Source: Preparatory Survey Team 4) Flowchart of Rapid retail payments with ACH Source: Preparatory Survey Team Figure 3-20 Flowchart of rapid retail payments with ACH 51

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Preparatory Survey for the Project for Development of ICT System for Central Banking (Phase 2): Final Report

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English

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Internet Connectivity / Accessibility

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Central Bank of Myanmar
Japan International Cooperation Agency (JICA)

Date Published: Mar 1, 2018

Abstract: Central Bank of Myanmar (hereinafter, CBM) introduced Central Bank of Myanmar Financial Network System in January 2016 under the Japanese official development aid “THE PROJECT FOR DEVELOPMENT OF ICT SYSTEM FOR CENTRAL BANKING” (E/N: October 2013, JPY 5.1 billion). CBM-NET makes a series of manual-based operations such as the management of current account and its outstanding, issuance/interest payment/redemption of government bond and its balance into system-based ones. In addition, as a result of financial system reform, for example dematerialization of government bond and the introduction of government bond book-entry system etc., the financial infrastructure in Myanmar has been developed step by step.

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Preparatory Survey for the Project for Development of ICT System for Central Banking (Phase 2): Final Report

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