Regulatory Alerts2022-04-06
Central Bank of Myanmar Instruction 4/2022 on Foreign Exchange Transactions
The Central Bank of Myanmar issued Instruction 4/2022 to all Authorized Dealer banks, mandating compliance with Draft Order No. 12/2022 effective April 4, 2022. The directive requires AD banks to maintain a minimum foreign exchange balance of 1,850 Myanmar kyat per US dollar in their FX accounts and to apply this threshold to other currencies based on CBM-published exchange rates. Additionally, the instruction extends these foreign exchange transaction and account balance requirements to non-resident Myanmar nationals and foreign companies operating in the country.
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