Foreign currencies for petty cash available at YIA and banks

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Foreigners are pictured at currency exchange counters at Yangon International Airport. Photo: kanu

The Central Bank of Myanmar recently notified the public of the places they can buy foreign currencies of nearly US$300 to US$500 or equivalent amount of other currencies by issuing a notice dated 20 August.
The notice reminds the fact that the service is being provided from 31 May 2023 at Yangon International Airport and money changer counters of the banks with the aim to facilitate citizens in buying seven foreign currencies — US dollar, Euro, Singapore dollar, Bath, Ringgit, Yuan and yen — to bring along with them other than debit cards and credit cards on their journey to overseas. The authorities will also arrange three AD banks to sell foreign currencies every day and the banks will take turns to offer service at arrival and departure sections of the airport. The service is also aimed at curbing currency transactions at grey markets.
The notice also said that people going abroad to work, undergo medical treatment and to study are eligible to buy the currencies and the service will extend to pilgrims and those who go abroad by the invitation of foreign government or private organizations.
The above services will be provided by Kanbawza Bank, Ayeyawady Bank PCL, Co-operative Bank (CB Bank) PCL, Myanmar Apex Bank, Ayeyawady Farmers Development Bank, Yoma Bank, United Amara Bank, Asia Green Development Bank, Myanmar Oriental Bank, Myanmar Citizens Bank, Global Treasure Bank and Innwa Bank. These banks also inform the people about the service on their websites and Facebook pages. — GNLM/TH

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