IMF Officials Complete Three-Week Visit to Burma

Posted November 3rd, 2011 at 1:40 am (UTC-5)
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The International Monetary Fund says its experts have concluded talks with Burmese officials on their plans to reform the country’s currency exchange practices.

The IMF says its team held three weeks of discussions with representatives from Burma’s public and private sectors in the capital Naypyitaw that ended on Monday. The team was in the country at the request of the Burmese central bank to discuss plans to bring Burma’s exchange rate regime into conformity with IMF regulations.

The Fund says the team will continue to cooperate with Burmese officials as they formulate their policies, and expects to conduct a follow-up visit in early 2012.

Burma has undertaken a number of democratic and social reforms since a new, nominally civilian government took office at the end of March.