Foreign Currency (Chinese Yuan) Company Account can be opened at CB Bank
It is announced that Myanmar-China Border Trading companies can now open Foreign Currency (Chinese Yuan) Company accounts at CB Bank. With the China Border Trade Service, customers can transfer Chinese Yuan directly to any banks in China from the CB Bank account and deposit directly to your CB Bank account with Myanmar Kyats from China.
Company Account – CNH Account will only be opened with Muse Branch ID and can be opened as a Myanmar Kyat account at any CB Bank Branch. You can open a CNH Account at Muse Branch and issue a cheque or at UFC Branch, 19th Steet Branch in Mandalay, and Ottawa Thiri branch in Nay Pyi Taw CB Bank branch by connecting the account created bank branch. 
Photo Source https://www.facebook.com/CBBankmyanmar
The daily exchange rate (Business Day) will depend on the Yuan/Kyat market in Muse. In order not to lose any profit for Myanmar Business Owners, we will request Yuan/Kyat market price three times a day from Chinese banks to ensure. The price will be compared with the market price and the CB Bank’s yuan/kyat exchange rate will be determined.
Customers will need the following to open a Yuan Account.
(1) Company Certificate
(2) Company Extract
(3) Application Letter
(4) BOD (Extract Officers) by Resolution & Authorized Person List
(5) Export & Import License
(6) ID Card Copy of Authorized Persons
Visit the following for more information.
