2020-03-23

Added · Updated

Instruction on Foreign Currency Account Requirements (2016)

The Myanmar financial regulatory authority issued this 2016 Instruction mandating authorized dealers and foreign currency holders to establish designated bank accounts for all cross-border transactions. The directive specifies deposit and withdrawal procedures, aligns current practices with prior circulars from 2012 and 2014, and extends compliance obligations to semi-government entities and resident individuals. Entities must maintain these accounts in accordance with prescribed exchange rates and reporting standards to ensure seamless foreign currency circulation within the domestic banking system.

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Central Bank of Myanmar

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Lineage: In force

Foreign Exchange Management Reg…2014Foreign Exchange Management Regulations (2014) (2014-09-29)Circular No. 13 dated 2012-08-13Circular No. 13 dated 2012-08-13Circular No. 15 dated 2012-11-08Circular No. 15 dated 2012-11-08Instruction on ForeignCurrency Account Requirements…2020-03-23 · this documentInstruction on Foreign Currency Account Requirements (2016) (2020-03-23)
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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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