Myanmar relaxes currency conversion order for traders at China, Thailand borders

YANGON (Xinhua): The Central Bank of Myanmar (CBM) has extended the time span of compulsorily converting foreign currencies into kyats for exporters trading at the borders with China and Thailand.

According to a directive issued by the central bank on Tuesday (April 26), exporters trading under China-Myanmar and Thai-Myanmar border trade programmes no longer need to compulsorily convert their export earnings in foreign currencies into kyats within one working day.