Myanmar junta tightens screws on foreign exchange
The Central Bank of Myanmar (CBM) has ordered state ministries and the local authorities to not use foreign currency when conducting domestic transactions, reports Reuters.
Source: mizzima.com
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Myanmar junta tightens screws on foreign exchange
The Central Bank of Myanmar (CBM) has ordered state ministries and the local authorities to not use foreign currency when conducting domestic transactions, reports Reuters.
Source: mizzima.com
KBZ allows cash withdrawal without limitation; but only for cash deposit
KBZ bank announced that its customers can now withdraw cash from their personal bank without any withdrawal amount limitation, but it only applies to the cash newly deposited into the bank account, not to the previously deposited remaining balance in the bank account. The KBZ bank announced it o ...
Source: mmbiztoday.com
Myanmar relaxes currency conversion order for traders at China, Thailand borders
YANGON (Xinhua): The Central Bank of Myanmar (CBM) has extended the time span of compulsorily converting foreign currencies into kyats for exporters trading at the borders with China and Thailand.
Source: thestar.com.my
Central Bank issues seven businesses and organizations exempt from dollar to kyat exchange
The Central Bank of Myanmar (CBM) announced on April 20 that it will exempt seven organizations, including MIC-licensed FDI, investments made in special economic zones and state-owned/national-owned international airlines, from dollar to kyat exchange within a day.
Source: nationthailand.com