Fuel Oil and Palm Oil imports to have access to additional foreign currency

The Central Bank of Myanmar issued a letter on 2 September advising that foreign currency to import fuel oil and palm oil can be sourced from up to 75% of foreign currency earned through trading, CMP business operations, and sales of minerals and natural resources (adjustments to be made for certain exempted businesses).

The effect of this is that while most imports are generally only able to source foreign currency from export earnings, fuel oil and palm oil importers have access to additional sources of foreign currency.  This should make it easier to import these commodities in an environment where it is difficult to access foreign currency to pay for imports.