Myanmar

Myanmar

Exempts foreign investors from forex rules to promote FDI

20 Apr 2022

On 20 April 2022, the Central Bank of Myanmar (CBM) announced an exemption for certain foreign direct investment (FDI) projects from their recently announced requirement to convert foreign currency balances to Myanmar kyat (MMK) to boost international investment (CBM Notification No 12/2022). This measure applies to companies approved by the Myanmar Investment Commission (MIC) and companies established in special economic zones (SEZs).