Amid the ongoing crisis in Myanmar, the authorities on Thursday attempted to address concerns about penalties, energy shortages, as well as currency controls, all of which are hindering the military-led government's efforts to manage the economy. Myanmar has been reeling under crisis since the country's military, the Tatmadaw, ousted the Aung San Suu Kyi led civilian government in a coup in February, last year.   

During an online briefing, two ministers of Myanmar's army-installed government revealed that authorised foreign investors, embassies, United Nations agencies, as well as non-governmental organisations are excluded from the recently announced central bank regulations which require the conversion of foreign exchange into the local currency, The Associated Press reported........Click the link to continue reading.

Credit:  Republic World