Customs Dept sets dollar-kyat exchange rate at K3,588 for Customs tariff

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  • Customs Dept sets dollar-kyat exchange rate at K3,588 for Customs tariff

THE Customs Department announced weekly foreign exchange rates to be exercised in levying Customs tariffs and a US dollar is set to be exchanged at K3,588.
The exchange rates for Customs duty from 12 to 18 January are K3,588 against a US dollar, K2,636.59 for a Singapore dollar, K105.11 against a Thai baht and K491.545 for a yuan, the Customs Department announced.
Notification 90/2024 of the Ministry of Planning and Finance stated that the Customs Department will amend the weekly exchange rate as per the online trading rate, instead of the rate based on the reference rate of the CBM, while collecting customs tariffs starting from 1 January 2025.
Moreover, the weekly exchange rate based on the online trading rate will be posted on the website and Facebook Page of the Customs Department weekly, the notification revealed. — NN/KK

Source: The Global New Light of Myanmar

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