BANGKOK -- The Central Bank of Myanmar plans to exempt foreign-owned companies from forced exchanges of hard currency into local kyat, people familiar with the matter said, in a loosening of a rule that critics say risks deepening the Southeast Asian country's isolation.
Myanmar Crisis
Myanmar to exempt foreign companies from forced currency exchanges
Central bank briefs banking officials on loosening of rule that has created uncertainty
Myanmar bank notes. The country has introduced rules requiring businesses and individuals to exchange foreign currency for kyat.
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