Baht/Kyat Direct Payment Allowed on the Thai-Myanmar Border

The Central bank of Myanmar issued a notification that the Baht/Kyat direct payment is allowed on the Thai-Myanmar border to boost bilateral trade between Thailand and Myanmar, to facilitate smooth flow of goods, to make easy access to cross-border payment between the two countries and to promote local currency in line with the objectives of ASEAN Financial Integration.

Republic of the Union of Myanmar
Central Bank of Myanmar

Notication 5/2022

2nd Waxing of Taboung 1383 ME
3 March 2022

 

1.       The Central Bank of Myanmar has hereby issued this notification exercising the power conferred under Sections 17 and 22 of the Foreign Exchange Management Law. 
2.       The Baht/Kyat direct payment is allowed on the Thai-Myanmar border to boost bilateral trade between Thailand and Myanmar, to facilitate smooth flow of
goods, to make easy access to cross-border payment between the two countries and to promote local currency in line with the objectives of ASEAN Financial
Integration.
3.       The exporters and importers are allowed to open baht accounts at the designated banks for cross-border trade.
4.       Therefore, the designated banks are required to adhere to the guidelines for the direct use of Baht/Kyat on the Thai-Myanmar border.    
5.       This notice shall take effect from the date of the issuance.        

 

Than Nyein
Governor

  • The Baht/Kyat direct payment is allowed on the Thai-Myanmar border to boost bilateral trade between Thailand and Myanmar, to facilitate smooth flow of goods, to make easy access to cross-border payment between the two      countries and to promote local currency in line with the objectives of ASEAN Financial Integration.         
  • The exporters and importers are allowed to open baht accounts at the designated banks for cross-border trade.         
     
engdate: 
Friday, March 4, 2022 - 15:30
month: 
March, 2022