2021-09-10

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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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DME Circular No. 11 dated 2021-…DME Circular No. 11 dated 2021-08-03Central Bank of Myanmar Foreign…2021Central Bank of Myanmar Foreign Exchange Spread Directive (Instruction 11-2021) (2021-08-03)Instruction 12-2021(10-9-2021) on Foreign Exchan…2021-09-10 · this documentInstruction 12-2021 (10-9-2021) on Foreign Exchange Trading Band (2021-09-10)
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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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