In April 2012, by abolishing the official pegging of the Myanmar kyat to the Special Drawing Right (SDR) of the IMF, Myanmar terminated the decades-old de facto multiple exchange rate system and moved ...
Myanmar's central bank cuts the kyat conversion share on export earnings to 15% from 25%, effective Jan 1, 2026, easing pressure on exporters.
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YANGON—Myanmar’s central bank has canceled foreign-exchange licenses issued to thousands of businesses including hotels, restaurants and supermarkets in a bid to curb the growing use of U.S. dollars ...
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