The Myanmar Times
Saturday, 01 November 2014
The Myanmar Times
The Myanmar Times

Private money exchange centre opens in Mandalay

Customers exchange US dollars at Farmer Phoyarzar on January 9, 2013. (Phyo Wai Kyaw/The Myanmar Times)Customers exchange US dollars at Farmer Phoyarzar on January 9, 2013. (Phyo Wai Kyaw/The Myanmar Times)

Since January 9, Mandalay residents can exchange foreign currency at a privately owned centre.

Authorised by Myanmar Central Bank, Farmer Phoyarzar is on 30th Street, between 65th Street and 66th Street in Chan Aye Thar San township.

“I’m planning to open three more centres in Mandalay this year. I’ve already opened two centres in Yangon this month. Initially, customers can exchange up to US$10,000,” said Farmer Phoyarzar executive director U Kyaw Kyaw on January 9.

He said centres would open at Bagan, Taunggyi and Inle this year. The Mandalay centre, which operates from 9am to 6pm, deals in US and Singapore dollars, FEC and Euros.