The 56th SEACEN Governors’ Conference and the 40th SEACEN Board of Governors Meeting, jointly organized by the South East Asian Central Banks and the Monetary Authority of Brunei which is the rotating chair of the meeting, took place via videoconferencing on 1 December.

Governor of the Central Bank of Myanmar U Kyaw Kyaw Maung, Vice-Governor U Soe Thein, the Director-General and Deputy Director-General joined the events together with the Governors of 19 SEACEN members Central Banks.

During the 56th SEACEN Governors’ Conference, Dr Chen Yulu, Vice-Governor of the People’s Bank of China discussed under the topic “Opportunities and Challenges in Adopting Central Bank Digital Currencies”, and other Governors of SEACEN members exchanged views on the benefits of digital currency amid COVID-19 pandemic.

Then, the 40th SEACEN Board of Governors Meeting was continuously held, and Managing Director for Monetary Authority of Brunei Ms Yang Mulia Dayang Hajah Rokiahbinti Haji Badar and Executive Director of SEACEN Centre Dr Manga Goswami respectively made an opening speech.

Dr Mangal Goswami also presented the management of SEACEN Centre for using online to conduct training, meetings and workshops and publishing of research papers in 2020.

The meeting discussed the 2020-2022 strategic plan of SEACEN Centre, capacity building for officers of the Central Banks of member countries, budget managements, recruitments, criteria for new SEACEN memberships, the appointment of the external auditor, expenditures in 2019, 2021 scholarships of SEACEN Centre for member Central Banks, Project on Development a SEACEN Leadership Competency Framework Project of SEACEN Technical Working Group 2 and instructions of the Governors of 19 SEACEN members Central Banks regarding with the expenditures for coming projects.—MNA

(Translated by Khine Thazin Han)