2019-11-07

Added · Updated

Central Bank of Myanmar One-Way Foreign Exchange Auction Instruction 17-2019

The Central Bank of Myanmar issued Instruction 17-2019 to standardize the one-way foreign exchange auction process for Authorized Dealer banks. The directive mandates electronic bidding via the Refinitiv Dealing Platform, requires each bank to submit at least six bids totaling 50 percent for purchases or 20 percent for sales, and sets a minimum bid lot of 100,000 Myanmar kyats. It establishes T+2 value dates for currency transactions, imposes a 2 percent late payment penalty in kyats, and supersedes prior auction regulations effective from November 18, 2019.

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Lineage: Amended

Circular No. 5 dated 2012-03-12Circular No. 5 dated 2012-03-12Circular No. 7 dated 2012-04-01Circular No. 7 dated 2012-04-01FEPD No. 1/581 dated 2019-02-25FEPD No. 1/581 dated 2019-02-25FEPD Regulation No. 1 dated 201…FEPD Regulation No. 1 dated 2012-03-26Central Bank of MyanmarOne-Way Foreign Exchange Auct…2019-11-07 · this documentCentral Bank of Myanmar One-Way Foreign Exchange Auction Instruction 17-2019 (2019-11-07)Central Bank of Myanmar Instruc…2020Central Bank of Myanmar Instruction 5/2020 on Foreign Exchange Transactions (2020-04-02)
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Amended 1 time · last 2020-04-02

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Source: Central Bank of Myanmar — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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