Myanmar leader’s aide removed from key role that controls forex

YANGON (Bloomberg): A Myanmar general close to army chief Min Aung Hlaing (pic) was removed from his role overseeing the use of foreign currencies amid media reports that he’s being investigated for corruption.

Lieutenant General Moe Myint Tun was removed as chairman of the Foreign Exchange Supervisory Committee on Sept18, Commerce Minister Aung Naing Oo told Bloomberg News. He’ll be replaced by General Mya Tun Oo, a deputy prime minister at the ruling State Administration Council.

The six-member committee scrutinises and approves the use of foreign currencies for importation of goods and oversees foreign currency flows including foreign direct investment.

Aung Naing Oo and Central Bank of Myanmar Governor Than Than Swe are also members of FESC.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Myanmar , aide , Min Aung Hlaing , forex


Next In Aseanplus News

Asean news headlines as at 9pm on Wednesday (Dec 6)
Tariff cuts on electricity to help energise tourism in Cambodia: EAC
TVB star Kenneth Ma addresses rumours of a feud with HK actor Kevin Cheng
Sirul may find himself behind bars again soon
Man charged with outrage of modesty for alleged sexual assault of 2-year-old girl
Vietnam's January-November rice exports hit record high since 1989
Sweden to deepen cooperation with South-East Asia in new trade strategy
Philippines inflation to return to target by December, barring shocks: gov
Plastic, sweet beverage excise to cause more problems than it solves: Businesses
Cocktails and guest shifts galore as World's 50 Best Bars take over Singapore

Others Also Read