Tourism companies still accepting USD

Tourism-related companies say they are still accepting US dollar cash payments as normal, despite a Central Bank decision to revoke foreign currency acceptor and holder licences last week. The Central Bank statement, published on October 13, recalled foreign exchange licences held by all companies except banks and money changers – including airlines, hotels and tour […]

CBM continues raising currency exchange rate

The Central Bank of Myanmar (CBM) has increased its official reference exchange rate from Ks 1,246 to Ks 1,266 per US dollar over the last five days. This week, foreign currency exchange rates at currency exchange booths were set around Ks 1,275 per dollar, despite the official reference rate. The exchange rate of kyats per […]