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 Republic of the Congo Rugby union in the Republic of the Congo Rugby union in the Republic of the Congo is a minor but growing sport The national union is a member of the Confederation of African Rugby, but not of the International Rugby Board. Rugby union was introduced into the country by the French, who ruled the country for a number of years. Rugby is centred on the national capital, Brazzaville. The Congo lacks good transport networks and along with its political instability, civil war, and the extreme poverty of the country, it is difficult for it to maintain a proper national league