Article
Myanmar Orders Conversion Of Foreign Currency Balances Of Companies With Up To 35% Foreign Ownership
On July 15, 2022, the Central Bank of Myanmar (CBM) issued Letter No. FE-1/754 instructing banks with authorized dealer (AD) status to inform the CBM of the balances in foreign-currency accounts belonging to Myanmar companies with up to 35% foreign ownership.
Tilleke & Gibbins