Central Bank fires warning shot on USD pricing
As the kyat continues its eight-month slide against foreign currencies, the Central Bank of Myanmar will soon set down punishments against businesses charging in US dollars, according to official sources.
In May, the Central Bank halved US dollar withdrawal limits and warned local businesses to cease pricing in the greenback. The admonition appears to have been unheeded by companies catering to foreign nationals, including numerous international schools, upscale restaurants and a swathe of hotel and tourism operators.
