Announcement of Kyat-Rupee Payment Mechanism for Bilateral Trade Between Myanmar and India
In a significant development aimed at enhancing bilateral trade between Myanmar and India, the Kyat-Rupee Payment Mechanism has officially been operationalized from January 25, 2024. This new payment system is designed to streamline trade transactions, reduce complexities, and increase the efficiency of financial settlements between the two nations. The Kyat-Rupee settlement mechanism will be managed through a designated network of
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