(Reuters) – Myanmar’s central bank has announced a broad exemption of foreign entities from a requirement to convert foreign exchange into the local currency, after the announcement of the new rules this month alarmed foreign business groups and residents.
The exemption, dated April 20, includes companies with approved foreign investments, firms in special economic zones, international non-government organisations, embassies, United Nations agencies and state-owned airlines.
(Reporting by Reuters Staff; Writing by Martin Petty; Editing by Ed Davies)
