The Central Bank of Myanmar’s notice shows that all import trade settlements, whether by sea or land, must go through the banking system. Importers can purchase foreign exchange through domestic banks or exporters, and must use the domestic bank transfer system when making settlements for legally imported products . In addition, the Central Bank of Myanmar also issued a reminder that when applying for a border import license, a bank foreign exchange balance statement must be attached. Data from the Myanmar Ministry of Commerce and Trade show that in the past two months of the 2023-2024 fiscal year, Myanmar’s national imports have reached 2.79 billion US dollars. Starting from May…