15 January 2025
The Central Bank of Myanmar announced on January 14 that it will take effective action against individuals and organizations that intentionally buy, sell, and exchange foreign currencies without a valid license.
Currently, 26 individuals suspected of illegal foreign exchange purchases and sales have been investigated, and the Myanmar Police Force has opened cases against 9 individuals, and 6 more have been charged to relevant township courts in accordance with existing laws, the statement said.
In addition, it has been announced that 12 Facebook groups, 5 Facebook pages, and 10 individuals who are involved in illegal foreign currency trading through social media are being investigated and identified for possible action in accordance with procedures.
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