The YSX building, located on the corner of Sule Pagoda Road and Merchant Street, formerly housed the Central Bank of Myanmar.[5] The neoclassical structure was designed by G Douglas Smart, and opened in 1939, as the Rangon branch of the Reserve Bank of India, and managed British Burma's financial system, even after its separation from British India in 1937.[5]
Following monetary independence from Britain, the building became home to the Union Bank of Burma (ပြည်တောင်စုဘဏ်), and the first Burmese kyats were issued there in July 1952.[5] It remained the site of Myanmar's central bank until 1993, when it became occupied by the military-owned Myawaddy Bank.[5]
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