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
Capital punishment in the Soviet Union a deputy Minister of Fisheries, was executed in 1982 for smuggling millions of dollars worth of caviar to the West. The director of Gastronom 1, one of Moscow's most prominent gourmet food stores, was executed in 1984 for corruption. The chairman of Technopromexport was executed in 1984 for "systematically taking big bribes". Bella Borodkina, head of the restaurants and canteens department in Gelendzhik, was sentenced to death for receiving $758,500 in bribes. Capital punishment in the Soviet Union Capital punishment was a legal penalty in the Soviet Union for most of the country's existence. The legal justification of capital punishment