Myanmar exempts foreign organizations from currency conversion order

YANGON, April 21 (Xinhua) -- The Central Bank of Myanmar (CBM) exempted some foreign organizations, including international airlines, from compulsory conversion of foreign currencies into kyats.

According to a statement issued by the central bank on Wednesday, Myanmar Investment Commission (MIC)-approved foreign direct investment projects and businesses operating in the country's Special Economic Zones no longer need to compulsorily convert their foreign currencies into kyats.