Central Bank of Myanmar Act of Union Bank of Burma 1947" and took over the functions of the Rangoon branches of the Reserve Bank of India. The Union Bank of Burma was opened at the corner of Merchant Road and Sule Pagoda Road and had a sole right of currency issue. CBM has liberalised the financial organisations for competition, efficiency and integration into the regional financial system. As of the end of December 2007, there are 15 domestic private banks and 13 representative offices of foreign banks and three representative offices of foreign insurance companies in Myanmar. According to the changes in the economic
History of the Jews in Myanmar nationalist Burmese government. One synagogue survives in Yangon, the capital, and in the 21st century, it attracts an increasing number of tourists. The first recorded Jew in the country was Solomon Gabirol, who served as a commander in the army of King Alaungpaya in the 18th century. But it was in the mid-19th century, during the British colonial period, that Jewish merchants from Iraq and India began establishing sizable communities in Rangoon and Mandalay. The Baghdadi Jews had emigrated from Iraq to escape persecution and being subject to pogroms; they comprised most of the immigrants. Cochin Jews and the Bene