MoC Holds Coordination Meeting for Baht-Kyat Direct Trade on 10 March 2022

 MoC Holds Coordination Meeting for Baht-Kyat Direct Trade on 10 March 2022

On 10 March 2022, the Ministry of Commerce (MoC) held a virtual discussion about the use of Baht-Kyat in bilateral cross-border transactions between Myanmar and Thailand.

The coordination meeting was organized by the Central Committee on Ensuring Smooth Flow of Trade and Goods and the Central Bank of Myanmar (CBM). Present at the meeting were the Chair of the central committee, Deputy Minister U Nyunt Aung for Commerce, CBM Deputy Governor Daw Than Than Swe the Joint Secretary of the Central Committee and officials of the Trade Department, Myanmar Customs Department, Accounts Department of the CBM, Myanma Economic Bank, Internal Revenue Department, Ayeyawady Farmers Development Bank and Kasikorn Bank Public Company.

The meeting highlighted coordination between the departments concerned for the successful implementation of the use of Baht-Kyat in bilateral transactions, setting the pilot period for the Baht-Kyat direct payment in Myawaddy and Tachilek areas starting from 21 March 2022, building a support team for the smooth coordination, raising public awareness of the use of Baht-Kyat in bilateral transactions in the third week of March 2022, as well as other matters concerning Baht-Kyat exchange rate and cash withdrawal.

ที่มา: Global News Light Newspaper on 11 March 2022

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