YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
Home News Item Myanmar bans use of foreign currency for local payments
No image

Myanmar bans use of foreign currency for local payments

mei 26, 2022by Reacties uitgeschakeld voor Myanmar bans use of foreign currency for local payments

Like

YANGON, May 26 (Xinhua) — The Central Bank of Myanmar (CBM) Wednesday banned foreign currency for local payments to stabilize the foreign exchange rate in the country.

The bank asked government agencies to pay with only Myanmar kyat, saying the use of foreign currencies for domestic payments could lead to higher demand for dollars and cause exchange rate instability.

The move came after the CBM found out

Previous Post Balochs raise concern over differential treatment regarding holding protest

Related articles

Podcast

Recent Posts

Popular