Myanmar Quarterly Bulletin (Q2 April - June 2022)
15 July 2022
Banking & Finance
CBM reduces maximum limit for international credit cards
Cybersecurity & Data Protection
Cyber Security Bill seeks to regulate online activity and access to information
Foreign Exchange Management
CBM stipulates only Myanmar Kyat to be used in domestic payments
Myanmar establishes Foreign Exchange Supervisory Committee to oversee use of foreign currency
CBM requires foreign currency to be converted to Myanmar Kyat with exemptions