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FER amount set: Foreign exchange reserve amount set for logistic services

4 June 2022
22636
2022-06-04 15:30

The number of foreign exchange reserves was set for logistic services associations, according to the Foreign Exchange Supervision Committee’s meeting (20/2022).

A member company of the Myanmar International Freight Forwarding Services Association (MIFFA) is allowed to keep about 300,000 USD in the foreign exchange account and a quantity more than that must be exchanged for Kyat.

Similarly, a shipping line of the Myanmar Mercantile Marine Development Association is allowed 2 million USD, and more than this amount must be exchanged for Kyat.

In addition, international air freight services and ground services for international airlines are allowed to have 100,000 USD in foreign currency accounts and more than this amount must be exchanged for Kyat.

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