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Myanmar announces exemptions from forex order; eyes new energy investments
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Myanmar's local currency has fluctuated between 1,300 kyats and 2,000 kyats to the dollar in the past year.
PHOTO: REUTERS
SINGAPORE - Myanmar's junta will exempt businesses operating in the country's sole special economic zone (SEZ) and all other approved businesses from a draconian foreign exchange order, a top economics official said on Thursday (April 21).
The junta's Minister of Investment and Foreign Economic Relations, Mr Aung Naing Oo, disclosed this while speaking to journalists at a virtual press conference addressing Myanmar's worsening power shortages.
