Myanmar central bank sets new timeframe for exporters to deposit earnings


YANGON: Myanmar's central bank has ordered exporters sending goods outside Asia to deposit foreign earnings in local banks within 90 days, up from a previous requirement to do so within 60 days.

Companies exporting within Asia must deposit their earnings within 45 days instead of 30, the Central Bank of Myanmar said in a statement dated Dec 25.

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Myanmar , central bank , exporters

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