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Myanmar's central bank revokes forex licences to control 'dollarisation'

Monday, October 19, 2015 - 05:50

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

sentifi.com

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