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Myanmar relaxes currency conversion order for exporters

YANGON, Aug. 6 (Xinhua) — The Central Bank of Myanmar (CBM) has relaxed its foreign currency conversion order, allowing exporters to compulsorily convert only 65 percent of their earnings into kyats.

The central bank issued the directives on Friday with immediate effect.

Exporters in the Southeast Asian country were previously required to compulsorily convert 100 percent of their export earnings into kya