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Measures taking action against unlicensed foreign exchange traders to be stepped up

OneNews Editor Team by OneNews Editor Team
June 13, 2025
in finance
Reading Time: 1 mins read
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လိုင်စင်မဲ့ နိုင်ငံခြားငွေရောင်းဝယ်သူများကို အရှိန်မြှင့်အရေးယူမည်
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The Central Bank of Myanmar has issued a statement on June 12 that it will step up measures to take effective action against individuals and organizations that intentionally buy, sell, and exchange foreign currencies without a valid license.

Individuals who are engaged in online speculation activities including USDT and spreading false news with the aim of destabilizing the foreign exchange market, , have been prosecuted and punished in relevant township courts in accordance with the Foreign Exchange Management Law, the Anti-Money Laundering Law, the Financial Institutions Law, and the Telecommunications Law. The Central Bank of Myanmar is monitoring USDT, Facebook Pages, Facebook Groups, Viber Groups, and applications (such as Myanmar Market Price) that are promoting instability in foreign exchange rates and is closing the pay accounts and banking accounts of individuals and individuals associated with the activities, blocking their phone SIM cards as well as taking legal action in accordance with existing laws, the statement said.

In addition, the Central Bank is selling foreign exchange needed by importers through an online trading platform to stabilize the foreign exchange rates and prevent speculation, and that small amounts of foreign exchange are being sold at money transfer counters of private banks for medical treatment, education, pilgrimage and work-related travel abroad, the statement said.

Tags: The Central Bank of Myanmar

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စက်သုံးဆီလုပ်ငန်းရှင်များအား ဒေါ်လာ သန်း ၃၀ ရောင်းပေးမည်
finance

US$30 million to be sold to fuel entrepreneurs

by OneNews Editor Team
July 10, 2025
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The Central Bank of Myanmar announced on July 8 that...

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Nearly $2 million sold to edible oil importers

Over $1.7 million sold to edible oil importers

Central Bank to sell 10 million Chinese yuan

Central Bank to sell over US$32.5 million

Central Bank sells US dollar, baht,and yuan

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Chairman of SAC sends condolences on India airplane crash

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