Myanmar Central Bank says it will take action against online illegal foreign currency traders

The Central Bank, under the Military Council, said that it will take effective action against foreign currency price gougers and online illegal foreign currency traders. The Central Bank announced on August 27 that it will take effective action in accordance with the foreign exchange management laws and regulations to not trust foreign currency price gougers and online illegal foreign currency traders.

In addition, external factors that lead to high commodity prices and easy access to foreign currency for the decline in fuel prices, banks, He stated that he is negotiating with fuel importers.

The statement said, “Illegal online news media are writing to hinder the country’s economic growth, stating that foreign currency shortages and exchange rates are likely to rise, fuel shortages and prices may rise.”

“Actually, the shortage is not what the media writes about. It’s not the price going up. It’s what’s really happening in the outside market. Don’t they know that there’s no real transaction outside as set by the start-up side,” a resident told .