Myawaddy trade market, money market and
retail and whole sales centers are being depended on illegal small
scales exchange counters to do business, and the new exchange counter is
the first and official.
Although the exchange counter followed
the supervision of Central Bank of Myanmar, it will also practice the
trend of current market.
“We often heard that locals are in
trouble with illegal money counters in financial cases. Our counter is
an official exchange counter. Locals can confide in our counter because
the rate has been assigned by Central Bank of Myanmar,” the in-charge
manager of an official exchange counter said.
After Central Bank Law has been enacted,
the government allowed Pho Yazar Company and Today Top Star Company in
Yangon and Myawaddy respectively as foreign exchange counters. Today Top
Star will be sold FEC (1 FEC=1US$), Singapore dollar and Euro besides
Thai Baht with the daily price allocated by the Central Bank of Myanmar.
source: Eleven Myanmar
No comments:
Post a Comment