Myanmar Exempts Most Foreigners From Currency Conversion Rule
- Exemption applies to local carriers, special economic zones
- Junta to approve kyat-rupee conversion along Indian border
This article is for subscribers only.
Myanmar’s military government exempted most overseas nationals and entities from compulsorily converting foreign currencies into kyat after international push back over the move.
Businesses in the nation’s three special economic zones are exempted from the April 4 order on currency conversion, according to a statement from the Central Bank of Myanmar. The waiver will also apply for diplomats and their families, foreigners working for embassies, the United Nations and other development agencies and international civil society groups.