22 results found

On August 5, 2022, the Central Bank of Myanmar (CBM) adjusted the country's official reference exchange rates. The new rate for US dollars is USD 1 to MMK 2,100—up from the previous rate of USD...

A recent warning from the Central Bank of Myanmar (CBM) against cryptocurrency use upholds the country's ongoing strategy of enforcing strict prohibitions on unauthorized cryptocurrency activities...

On August 14, 2023, the Central Bank of Myanmar (CBM) approved the Thai baht (THB) as a permissible currency for international payments and settlement transactions.

On August 6, 2025, Myanmar's National Defence and Security Council (NDSC) issued Order No. 20/2025, announcing a change in the composition of the country's...

Myanmar's ongoing transition to a market-oriented economy and electoral democracy continues to catch the attention of investors worldwide.

On August 21, 2023, the Central Bank of Myanmar (CBM) issued a public notice in local newspapers reiterating the rights and obligations associated with holding and exchanging foreign currency.

On 21 October 2022, the Financial Action Task Force ("FATF") added Myanmar to a group of high-risk countries, known as the "blacklist", citing its failure to make enough progress in addressing illicit financial flows.

On July 11, 2012, President Obama issued an Executive Order, and the Department of the Treasury, Office of Foreign Asset Control (OFAC) issued two General Licenses (GL-16 and GL-17), authorizing both the export of financial services to Burma and "new investment" in Burma, both of which were previously prohibited by the Burmese Sanctions Regulations.

The relaxation of Canada's "special economic measures" that have been applied to Myanmar has been widely publicized.

The Ministry of Commerce announced the prohibition of multi-level marketing in Notification No. 46/2018 dated 18 September 2018 (the Notification).

The Central Bank of Myanmar (CBM) issued a letter on September 7, 2021, notifying all banks, financial services companies, and mobile financial service providers about a change...

On October 31, 2022, the Department of Trade in Myanmar's Ministry of Commerce announced that payments for importation at the border are to be made via bank transaction.

In this update, Myawaddy, Tachileik, Myeik, Kawthoung, Mawtaung, and other approved border trading zones are identified as open to the THB-MMK mechanism.

On January 26, 2021, the Central Bank of Myanmar published Notification 1/2021 in relation to non-banking financial institutions...

On April 28, 2026, the Central Bank of Myanmar (CBM) issued Notification No. 18/2026 introducing the new Foreign Remittance Business Regulations. The new regulations apply to companies intending to operate foreign...

On October 21, 2022, the Financial Action Task Force (FATF) added Myanmar to the list of high-risk jurisdictions having significant deficiencies to counter money laundering, terrorist financing, and financing of proliferation.

The Central Bank of Myanmar (CBM) continues to take steps towards liberalising the banking and finance sector.