Myanmar’s military government plans to establish a digital currency to support domestic payments and boost the economy within the year and is assessing how to move forward, a Burmese State Administration Council spokesman said.
“We are undecided whether we should do it as a joint venture with local companies or by the government alone,” said Major General Zaw Min Tun, who is deputy information minister in the junta that toppled the civilian government a year ago. “A digital currency will help improve financial activities in Myanmar.”
The World Bank estimates that Myanmar’s economy shrank 18 percent in the fiscal year ended in