Myanmar Allows Chinese Yuan to be Exchanged at Local Forex Market

The Central Bank of Myanmar issued a directive that allows Chinese yuan to be exchanged at local foreign exchange market on October 12.According to the directive, authorized dealer licensed banks, money changer licensed banks and non-bank money changers will be allowed to officially trade Chinese yuan starting from October 12.Japanese yen was also allowed to be traded at local foreign currency market at the same time, the directive said.