CBM to circulate currency notes featuring General Aung San next year

CBM to circulate currency notes featuring General Aung San next year
Published 18 May 2019

The Central Bank of Myanmar (CBM) will issue the currency notes featuring the image of General Aung San in 2020, said Soe Thein, the Deputy Governor of the CBM yesterday.

The CBM held a press conference on its undertakings in the third-year tenure in office, at the Information Ministry in Nay Pyi Taw on May 17.

“Currently, the CBM is working on the design and security feature of currency note. Japan has to make necessary preparations for currency note to be circulated in the next five years. The US also has to take two or three years to circulate currency note. Design and security features in the circulation of currency note are very sensitive. We can circulate it in the coming year,” Soe Thein added.

In November, 2017, Lower House Parliament approved the proposal submitted by MP Aung Khin Win from Myaing Township Constituency, on the circulation of bank notes featuring the country’s independence hero, General Aung San.

That proposal was approved with 286 “Yes” votes even though 108 army representatives and one MP from the Union Solidarity and Development Party (USDP) gave “No” votes.