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Tags Posts tagged with "Foreign exchange certificate"

Foreign exchange certificate

Myanmar phases out dollar surrogate

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Myanmar abolished its secondary currency, the Foreign Exchange Certificates (FEC), on March 20, 2013 as per an official announcement by the Finance Ministry. FEC were...
Myanmar clears 60% of foreign debt

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Myanmar on January 28 announced a deal with international lenders to cancel or refinance nearly $6 billion of its debt, almost 60 per cent...