Allowing greater foreign participation in import/export

Updated: May 16, 2021


The Myanmar Government has followed up this week’s blockbuster Companies Law reform by announcing details of incremental liberalising measures to allow greater foreign participation in import/export - trading business and trade finance. Foreign bank participation in retail financial services and more foreign banking licences are also on the way. We’re hoping to see growth in non-bank financing too.

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On 7 April 2022 the Central Bank of Myanmar (CBM) issued a letter effectively cutting spending limits on Myanmar issued credit cards and prepaid debit cards in half. Up until now Myanmar issued cards