Central Bank of Myanmar Notification No.39/2022 (30 August 2022) for wages or salaries earned in foreign exchange by Myanmar citizens abroad remitted to the country

Central Bank of Myanmar Notification-1

Wages or salaries earned in foreign exchange by Myanmar citizens abroad remitted to the country via the licensed banks (authorized dealers of foreign exchange) shall be spent on their own, transferred to others and sold to banks independently and the persons, companies or organizations which bought the aforesaid wages or salaries shall not be allowed to sell again. But they shall spend and sell it to AD licensed banks independently. In such doing above sentence, the period starting from the flowing the foreign ex-change into the AD licensed banks to finally selling it shall not exceed 21 days. This notification shall be effective from 1 September 2022.

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