BANGKOK -- Myanmar has stepped up import controls by banning imports of cars and other nonessential goods as the country struggles with a severe foreign-currency shortage caused by declines in investment and assistance from overseas.
Myanmar Crisis
Myanmar blocks car, luxury imports amid foreign-currency crunch
Military seeks to balance trade by slashing nonessential purchases
Cars are seen stuck in a traffic jam in Yangon. The Myanmar government stopped issuing car import permits in October last year. © Reuters
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