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Central bank to issue official remittance licences soon

The Central Bank of Myanmar (CBM) will grant official remittance Llicences to authorised money changers within two months, CBM Deputy Governor U Bo Bo Nge told the media on Wednesday. The move is expected to curb illegal remittances and the informal flow of foreign currency into the country under the Hundi, U Bo Bo Nge […]

Myanmar’s remittances: Too many chits for kyat

No one has bothered to count how many people live in Myanmar since 1983 (when it was still Burma). No surprise then that no one has any clear idea how many people left the country during its 50 years under military rule. The men in green certainly did a savage job of mismanaging the economy […]