[1] Its collection used to have about 618,000 books and periodicals as well as 15,800 rare and valuable manuscripts.

However, in 2006, the military government announced a plan to move a large part of its collection to a new National Library in Nay Pyi Taw, and to auction off its 8-story building and 10-acre (4.0 ha) lot in Tamwe Township.

The library's current collection of ancient Burmese texts includes 16,066 palm-leaf manuscripts, 1972 parabaik (folded writing tablets made of paper, cloth or metal), and 345 handwritten scripts of famous writers.

[1] The library's preservation and conservation section, established in 1993, regularly maintains rare Burmese manuscripts.

The library was first located in the Jubilee Hall building, then moved to Pansodan Road, then relocated to its penultimate home in Tamwe, and finally moved to its present location in Yankin in October 2008.