To establish a strong gold market in Yangon

A strong gold market in Yangon should be established as soon as possible, and that it could be more profitable, Yangon Region Chief Minister U Phyo Min Thein said. In addition, it will also make it easier for the gold miners and more tax-systematic.

Yangon Region Chief Minister U Phyo Min Thein added that the Central Bank of Myanmar, Ministry of Commerce and Ministry of Planning and Finance are playing a vital role to establish it because the raw material production sector will be taken by the Ministry of Mines and the rest section is buying and selling.

Gold is a strong currency in the world market. To do this, it will require Laws to be enacted, but if it is initially implemented by setting the instructions and procedures, the laws will continue to be enacted based on them.

Therefore, the Central Bank of Myanmar and other relevant ministries are in the process of implementing a gold market in Yangon as soon as possible.

Written by iMyanmarHouse.com Team

Credit: iMyanmarHouse.com