2 mins read · Fri July 14, 2023
On 13 July, the Central Bank of Myanmar (CBM) issued notification 15/2023 taking steps to increase the availability of foreign exchange available on the market and reduce the effects of foreign exchange losses for exporters.
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2 mins read · Tue June 27, 2023
The Central Bank of Myanmar (CBM) has introduced further measures to control remittances of foreign currency. The CBM issued letter – FE-1/789 (CBM Letter) on 21 June 2023 which requires banks to submit to the CBM a list of companies which are intending to buy foreign currency.
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11 mins read · Sat July 16, 2022
Without warning on 3 April 2022 the Central Bank of Myanmar (CBM) issued notification 12/2022 and directive 4/2022 to impose foreign currency controls which will have a profound impact on businesses operating in Myanmar. This was followed up with directive 5/2022 and directive 6/2022 on 5 April 2022, and further announcements are expected as these […]
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1 mins read · Thu April 7, 2022
The Ministry of Commerce (MOC) announced in its latest newsletter no. 6/2022 that it will be cracking down on imports arriving without the necessary licences in place.
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2 mins read · Mon February 7, 2022
The list of goods which require a licence has recently been changed with an updated list of goods taking effect on 1 January 2022 and a further update to the list will come into effect from 1 March 2022.
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3 mins read · Sat September 25, 2021
As part of Myanmar’s path of economic liberalisation embarked on a decade ago, Myanmar moved away from a managed exchange rate, through a managed currency float. Starting from April 2012 Myanmar had an exchange rate set by the Central Bank of Myanmar (CBM) which was based on the market exchange rate with some restrictions on […]
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1 mins read · Mon June 7, 2021
Hot off the heals on the ban on importing certain food products across land borders, the Directorate of Trade (Myawaddy Trading Zone), under the Ministry of Commerce (MOC) has as of 4 June 2021 further prohibited the import over land borders of:
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1 mins read · Wed June 2, 2021
The Ministry of Commerce (MOC) has announced the end of concessional fees for obtaining import licences.
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1 mins read · Fri April 30, 2021
The Ministry of Commerce made an announcement on 12 April 2021 that certain food products will be prohibited from being imported via through border trade as of 1 May 2021. The reason given is that better infrastructure needs to be put in place to be able to safely import and inspect food products, after which […]
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2 mins read · Wed March 10, 2021
The Ministry of Commerce (MOC) has just issued notification 24/2021 on 8 March 2021, their latest import regulations for the import of vehicles by car showrooms. This is an annual occurrence with the MOC updating the import requirements every year.
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