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Myanmar exempts foreign businesses, NGOs from forex rules

FILE - People onboard a trishaw pass in front of the Yangon stock exchange building in Kyauktada township in Yangon, Myanmar on Nov. 12, 2021. Myanmar officials said Thursday, April 21, 2022, the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency. (AP Photo) FILE - Buddhist monks collect alms from people during their morning walk at the Bogalay Zay Market in Botahtaung township in Yangon, Myanmar on Nov. 12, 2021. Myanmar officials said Thursday, April 21, 2022, the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency. (AP Photo, File) FILE - A driver hands over Myanmar kyats to an attendant as payment for fuel at a gas station in Botahtaung township in Yangon, Myanmar on Nov. 12, 2021. Myanmar officials said Thursday, April 21, 2022, the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency. (AP Photo, File) FILE - A pork vendor chops meat while waiting for customers at a wet market in Yangon, Myanmar on Nov. 12, 2021. Myanmar officials said Thursday, April 21, 2022, the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency. (AP Photo) FILE - A man shows new currency notes outside Myanmar Economic Bank Tuesday, Jan. 7, 2020, in Yangon, Myanmar. Myanmar officials said Thursday, April 21, 2022, the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency. (AP Photo/File) Long lines of vehicles wait at a filling station Tuesday, April 19, 2022, in Yangon, Myanmar. Myanmar's military government denied Tuesday that the country is suffering from a shortage of automotive fuel, after rumors about low supplies of gasoline and diesel led to panic buying and long queues at service stations. (AP Photo)