Specified amount of foreign currency can be used through Debit or Credit Cards

debit KV mobile sskm

The Central Bank of Myanmar has announced that Myanmar citizens can use international payment cards (debit cards, credit cards) issued by local banks to spend the specified amount of foreign currency they need while abroad.
The announcement also addressed the situation in which people planning to perform Hajj in Makkah, Saudi Arabia, are encountering difficulties in purchasing foreign currency through pilgrimage agencies, recommending that they purchase it at AD licensed bank branches, where it is sold under the petty cash programme.
If petty cash is insufficient, Myanmar citizens can use a specified amount using payment cards (debit cards, credit cards) issued by local banks.
To efficiently manage currency flow, the Central Bank of Myanmar collaborates with Kanbawza, Ayeyawady, and UAB Banks to sell foreign currency to individuals planning to work abroad, seek medical treatment, embark on pilgrimages, pursue studies abroad, or attend meetings upon invitation by foreign governments and associations. This special programme is available in Nay Pyi Taw, Yangon, Mandalay, and Taunggyi cities.
They can buy petty cash of US$300 to 500 or other equivalent foreign currencies at AD licensed banks in addition to airport counters. — TWA/TH

Share this post
Hot News
Hot News