Yangon

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The Times They Are a-Changin'

Yangon,
Myanmar


The country is transitioning from a reclusive dictatorship hit hard by embargoes to a nation eyed by foreign investors. The economic sanctions that cut off Myanmar from the rest of the world were lifted last year. The financial system in Myanmar remains one of the least developed in the world, with under 10% of the population holding of a bank account and less than one citizen per 1000 active in the credit market.
But changes are coming, ATM's are appearing in not only the cities but small towns and often hold pride of place. Not hidden but situated on the main roundabout next to General Bogyoke, or under the clocktower or even in the most reverend pagoda in the country the Shwedagon.