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Republic of the Union of Myanmar

Central Bank of Myanmar
Notification No 48/2021
11th Waxing of Nadaw 1383 ME
14 December 2021

  1. The Central Bank of Myanmar has issued this proclamation exercising its authority under Sections 17 and 22 of the Foreign Exchange Management Law.
  2. To increase Sino-Myanmar trade and facilitate the flow of goods, Yuan/Kyat direct payments were allowed on the Sino-Myanmar border to facilitate the two countries’ payment and clearing systems and to increase domestic currency in line with the objectives of ASEAN Financial Integration.
  3. Designated banks have been allowed to open yuan accounts of importers and exporters for cross-border trade.
  4. Therefore, the designated banks are required to adhere to the Guidelines for the Direct Use of Yuan/Kyat in Sino-Myanmar border trade.
  5. This notice shall take effect from the date of issue.

Than Nyein
Governor
Central Bank of Myanmar

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