Notication 5/2022
2nd Waxing of Taboung 1383 ME
3 March 2022
- The Central Bank of Myanmar has hereby issued this notification exercising the power conferred under Sections 17 and 22 of the Foreign Exchange Management Law.
- The Baht/Kyat direct payment is allowed on the Thai-Myanmar border to boost bilateral trade between Thailand and Myanmar, to facilitate smooth flow of goods, to make easy access to cross-border payment between the two countries and to promote local currency in line with the objectives of ASEAN Financial Integration.
- The exporters and importers are allowed to open baht accounts at the designated banks for cross-border trade.
- Therefore, the designated banks are required to adhere to the guidelines for the direct use of Baht/Kyat on the Thai-Myanmar border.
- This notice shall take effect from the date of the issuance.
Than Nyein
Governor
Source: The Global New Light of Myanmar