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
Rugby union in the Australian Capital Territory the New Zealanders going on to win by 57–5. The Federal Capital Territory Rugby Union was renamed the Australian Capital Territory Rugby Union in 1939. Rugby union expanded quickly after World War II, particularly in New South Wales. The ACT representative team, often referred to simply as "Canberra", grew in stature throughout the 1950s and 1960s as part of the NSW Country Rugby Union. The team won the Caldwell Cup for the Country Championship for the first time in 1964 and went on to win it three times in a row. In 1966, five Canberra players were chosen in the