All posts tagged "kyat"
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520AML / KYCMyanmar Considers Joining SPFS, Russia’s SWIFT Alternative
Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.
June 22, 2022 -
399Asia-PacificMyanmar Grants Exemptions to FX Conversion Rule Ban
Myanmar is granting granted an exemption to select companies involved in FDI approved by the Myanmar Investment Commission.
June 17, 2022 -
330Asia-Pacific
Myanmar Bans Use of Foreign Currency for Local Payments
The central bank said the use of foreign currencies in domestic payments could lead to higher demand for dollars and cause exchange rate instability.
May 31, 2022 -
439Asia-Pacific
Myanmar Exempts Foreign Firms from FX Conversion Rule
An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.
April 27, 2022 -
433Asia-Pacific
Central Bank Official Shot as Myanmar Imposes New FX Controls
The shooting came days after an order requiring all foreign currency held in bank accounts to be converted to kyats. New limits are also being imposed on international cards issued by domestic banks.
April 11, 2022
