July 30, 2022
Logistics Companies in Myanmar are Permitted to Retain Foreign Currencies
On 2nd June 2022, the Ministry of Transport and Communications (“MTC”) issued its Letter No. Pa Sa-4 (F.E.-1/1) 2022 (709) to allow logistics companies in Myanmar to retain foreign currencies in their FCY accounts in the following maximum amounts: 1. monthly balance of USD300,000 for freight forwarding companies which are members of the Myanmar International... Read More