Regulatory Alerts2021-09-10
Instruction 12-2021 (10-9-2021) on Foreign Exchange Trading Band
The Central Bank of Myanmar issued Instruction 12-2021 on September 10, 2021, to standardize foreign exchange transaction pricing. Authorized Dealer banks and Money Changer institutions must now execute all foreign currency purchases, sales, and transfers within a ±0.8 percent trading band around the CBM Reference Rate Mid-Rate. This directive replaces previous pricing flexibility by mandating strict adherence to the specified band, ensuring consistent mid-rate calculations across licensed financial entities.
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