Myanmar Central Bank will not return to old ways: senior official
Amid widespread anxiety over the impact of the Myanmar Central Bank’s decision to revoke thousands of US dollar accepter and holder licences, a senior official has promised authorities have no plans to return to old ways.
For many years – until 2011, when six commercial banks opened money changers – no ordinary citizen of Myanmar was permitted to hold foreign currency.
Since then, as the country has opened up, licences have been awarded not just to banks and money changers, but to companies in many sectors including hotels, airlines and supermarkets.
