Term deposit rates - versus security

[jpinx]

I've noticed this somewhat attractive rate at something called the KBZBank in Myanmar and wonder if anyone has any experience of the requirements needed to be an account holder, and the likelyhood of it actually being a real deal

http://myanmar.deposits.org/

http://www.kbzbank.com/

[Penefattore]

well the kyat lost 20% against the USD in latest 12 months so retrospectively you would have lost 10% in USD terms, but even worse http://www.cbbank.com.mm/personal_banking/personal_accounts_fixed.aspx

Currently, only Myanmar Nationals are eligible to open Interest bearing account

So we can just let the morons go down the sewer with their shitty currency

[jpinx]

Anyone got any new experience of non-Burmese folks being allowed to have term deposits there?

[Oorinara]

Foreigners are allowed to open only current accounts, bearing zero interest, if not mistaken.

[boomerangutang]

I go the Tachilek, Shan State often. Went in several banks, asking if I could open an account. Always smiles, and "no. Must be Myanmar person."

One place said it may be possible in Yangon.