BANGKOK -- Myanmar's new requirement that banks convert foreign currency into kyat will apply to a wide range of payments, including for exports and services, its central bank said Tuesday as businesses weighed the impact of the move.
Currencies
Myanmar's forced currency conversions seen making few exceptions
Companies fear disruptions to payments for imports and exports
The kyat has weakened since Myanmar's military took control of the government in February 2021. © Reuters
Read Next
re.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Currencies
