On July 13, 2023, the Central Bank of Myanmar (CBM) lowered the percentage of export income in foreign currency that must be converted into Myanmar kyat (MMK)...

On January 7, 2026, the Central Bank of Myanmar (CBM) announced a further relaxation of foreign exchange regulations through Notification No. 2/2026...

In a significant development on December 5, 2023, the Central Bank of Myanmar (CBM) issued Letter No. FE-1/2937 granting authorized dealer licensed banks (ADLBs)...

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...

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...

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 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.

Myanmar, a strategic country neighbouring China, has an important role to play in the Belt and Road Initiative.

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...

In April 2022, Myanmar's State Administration Council established the Foreign Exchange Supervisory Committee (FESC) to approve foreign currency conversion...

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

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

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.

Throughout 2022, the Central Bank of Myanmar (CBM) has implemented a series of rules surrounding the compulsory conversion of foreign currency balances in the country.

On April 25, 2023, Myanmar's Ministry of Planning and Finance issued a standard operating procedure (SOP) requiring entities and individuals remitting foreign currency equivalent...