YANGON (Reuters): Myanmar's central bank will no longer set exchange rates for foreign currencies and will allow banks and dealers to decide rates themselves, according to state media, in a rare ...

BANGKOK--An order by Myanmar’s central bank that all foreign currency in bank accounts must be converted into the local currency has many in the military-ruled country worried over potential losses.

The attack Thursday came days after the Central Bank tightened rules to reduce the use of U.S. dollars, ordering local holders of foreign currencies to exchange them for kyat within one working ...

YANGON (Bloomberg): Myanmar aims to stabilise its currency to control price pressures, the central bank said, as the kyat weakens in the black market. "The Central Bank of Myanmar is monitoring ...

The adoption of Tether as official currency is a way for the NUG to defy the Central Bank of Myanmar (CBM), which regulates currency in the country. In May last year, the CBM had said that all ...

Rather than the Myanmar central bank, it was the country’s former democratically elected government, the National Unity Government (NUG), now in exile, that launched the DMMK in 2022 in a bid to ...

Garment exporters are squeezed by forced currency exchanges at below-market rates, adding to the industry’s ongoing ...

Washington should impose sanctions on a Myanmar bank being used to circumvent existing U.S. restrictions, advocates said, urging the outgoing Biden administration to cut off a key source of foreign ...

Nevertheless, the government is working to increase the bankable population to 40 percent by 2020, by implementing such positive steps as the passing of the Central Bank of Myanmar Law in July 2013.

Myanmar Advocates Urge US to Place Sanctions on Bank Used by Junta By Simon Lewis WASHINGTON (Reuters) -Washington should impose sanctions on a Myanmar bank being used to circumvent existing U.S ...