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Myanmar's central bank revokes forex licences to control 'dollarisation'
Published Sun, Oct 18, 2015 · 09:50 PM
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Yangon
THE Central Bank of Myanmar (CBM) has revoked foreign exchange licences issued to hundreds of businesses ranging from hotels to hospitals, in a bid to control "dollarisation" and increase the value of the ailing kyat currency.
The CBM sent an official letter to the licence holders last week, a copy of which was seen by R…
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