Ministry of Finance (Myanmar)

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

• Cabinet of Burma

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]

References

External links

• Official website

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