8 January 2026
The Central Bank of Myanmar (CBM) issued Notification 2/2026 on January 1, 2026, requiring exporters to sell only 15 percent of their export earnings at the central bank’s reference price of 2,100 kyats per dollar.
Additionally, the CBM released Notification 37/2024 on August 7, 2024, which mandates that exporters exchange 25 percent of their export earnings into Myanmar kyats, in accordance with CBM Notification 12/2022.
Furthermore, the CBM reiterated in Notification 37/2024 that exporters are now required to exchange only 15 percent of their export earnings into Myanmar kyats under the same previous notification (12/2022).
This notification is issued in exercise of the powers conferred upon the CBM under Section 49, Sub-section (b) of the Foreign Exchange Management Law and will take effect on January 1, 2026.
Currently, exporters are required to pay 25 percent of their export earnings to the state at a fixed exchange rate of 2,100 kyats per dollar. Senior General Min Aung Hlaing, the Acting President of Myanmar and Chairman of the National Security and Peace Commission, mentioned at the UMFCCI’s 34th Annual General Meeting on November 30 that this 25 percent will be further reduced in a month or two.
At the event, the Acting President explained that while the country possesses foreign currency, it is restricted in its use. The foreign currency earned from trade is primarily utilized to import essential goods for the public, including fuel and medicine.
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