The Central Bank of Myanmar (CBM) has announced that importers will be permitted to make advance payments for imported goods, according to a statement issued on November 13. The CBM said it has been selling foreign currencies to importers through Authorized Dealer (AD) banks via the FX Market Online Trading Platform to facilitate imports of essential commodities, including fuel, edible oil, fertilizers and other goods.

The Central Bank of Myanmar (CBM) has announced that advance payments for imported goods will be permitted for importers. The CBM said the measure is aimed at ensuring that importers receive the necessary foreign currency in a timely manner, reducing delays in payments to overseas suppliers, prioritizing foreign currency allocation for trade activities with genuine needs, and stabilizing the foreign exchange market without exerting pressure on exchange rate fluctuations.

The Central Bank of Myanmar (CBM) has announced that advance payments for imported goods will be permitted for importers. The CBM said the measure is aimed at ensuring that importers receive the necessary foreign currency in a timely manner, reducing delays in payments to overseas suppliers, prioritizing foreign currency allocation for trade activities with genuine needs, and stabilizing the foreign exchange market without exerting pressure on exchange rate fluctuations.