Myanmar officials say the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency
By ELAINE KURTENBACH AP Business Writer
21 April 2022, 06:41
• 3 min read
BANGKOK — Myanmar is exempting approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency, officials said Thursday.
Aung Naing Oo, the army-installed government’s minister for Investment and Foreign Economic Relations, said Thursday in an online briefing that details of the central bank’s new rule were being worked out.
But he said foreign companies and others qualifying would be given an automatic exemption….
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