Regulatory Alerts2014-09-29
Foreign Exchange Management Regulations (2014)
The Central Bank of Myanmar issued these Foreign Exchange Management Regulations to standardize and streamline foreign exchange transactions for authorized dealers, residents, and non-residents. The rules mandate strict documentary verification, record-keeping, and reporting for ordinary trade, advance/deferred payments, domestic and foreign bank accounts, and investment remittances. Authorized dealers must maintain prescribed currency balances, ensure compliance with legal thresholds (including the USD 10,000 per-person limit), and collaborate with regulatory authorities to prevent suspicious transactions.
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