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The Independent UK
The Independent UK
National
Via AP news wire

Myanmar exempts foreign businesses, NGOs from forex rules

Myanmar United States United Nations
Copyright 2022 The Associated Press. All rights reserved.

Myanmar is exempting approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency, officials said Thursday.

Aung Naing Oo, the army-installed government’s minister for Investment and Foreign Economic Relations, said Thursday in an online briefing that details of the central bank’s new rule were being worked out.

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