Notification No 33/2021
12th Waning of Wagaung 1383 ME
3 September 2021
- The Central Bank of Myanmar exercises the authority in sub-section (a) of Section 49 of the Foreign Exchange Management Law to issue this notification.
- According to Section 38-b, Section 42-a of the Foreign Exchange Management Law and paragraph 35 of the Foreign Exchange Management Regulation, exporters shall not fail to deposit all their export incomes in foreign exchange, during the stipulated period, in their bank accounts in the State.
- Exporters must sell their remaining export incomes in foreign exchange of their bank accounts to the authorized bank-AD licences within four months of the transfers without fail.
- This notification shall come into effect from the date of issue.
Source: The Global New Light of Myanmar