Myanmar intends to initiate rupee convertibility for trade along Indian border

“The Myanmar government intends to initiate similar currency convertibility for the Indian rupee for trade along the border it shares with India,” said the Ministry of Information, Myanmar, in a statement on Tuesday. The Myanmar government intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India, […]

Myanmar accepts yuan as official settlement currency for border trade with China

Myanmar has accepted the Chinese yuan as an official settlement currency for border trade with China, in a move that aims to address its shortage of US dollars and other foreign currencies, as the Southeast Asian country faces economic challenges amid political instability, sources close to the matter told the Global Times on Wednesday. China, […]