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Myanmar relaxes forex rule for exporters

december 06, 2023by Reacties uitgeschakeld voor Myanmar relaxes forex rule for exporters

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YANGON, Dec. 6 (Xinhua) — The Central Bank of Myanmar (CBM) on Wednesday relaxed its foreign currency conversion rule for exporters and stopped setting exchange rates of foreign currencies for authorized dealers.

The central bank issued a statement with immediate effect, allowing exporters to convert 35 percent of their earnings into kyats at the central bank’s exchange rates. The exporters were previously requ

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