Myanmar’s central bank revokes 123 forex licenses

Myanmar’s central bank revokes 123 forex licenses

Myanmar’s junta-controlled central bank has revoked the forex licenses of 123 companies, it announced this week. Tuesday’s decision means that 167 companies have been barred from trading dollars in the past nine months. The companies include forex firms, travel agencies, airlines, hotels, construction companies, gem traders, financial and trading companies. They include Yangon’s famous Sedona Hotel and Myanmar National Airlines. Radio Free Asia …