“Transactional Banking, Rules on Foreign Exchange and Repatriation of Funds in Myanmar” by William D. Greenlee, Jr.
Banking in Myanmar isn’t easy. This is a cash based economy. Banks are not nearly involved in commercial transactions as in most other countries. Credits cards are still not commonly accepted and it was only earlier this year that ATM machines arrived. Visitors still often bring in large sums of cash for their expected expenses. William D. Greenlee, Jr. provide an overview of the transfer of money in Myanmar, the logistical and legal considerations and the repatriation of funds.
To read William’s article, click here.
