1. THE Central Bank of Myanmar found that transactions of foreign currencies have been taking place using the following Facebook pages and internet websites without holding a foreign currency business licence issued by the Central Bank of Myanmar, and has taken action against those involved in such transactions. In addition, the Facebook pages and phone numbers of those conducting transactions from overseas locations have been reported to the relevant central banks, and negotiations are being carried out to take action against them.

(a) Currency Prices and Remittance

(b) Moe Latt

(c) Si Thu & bro

(d) Yangon currency prices

(e) Direct USD Exchange

(f) Dollar Transaction

(g) December Snow

(h) June Lin Htet Naing

(i) Htet Yan Money Exchange

(j) Global Value Services-GVS Money Exchange and Transfer

(k) Boss Online Money Exchange Services (Family Money Exchange)

(l) Lucky Sky Gold Smith (Facebook Page)

(m) Nay Myo Htet (Facebook Page)

(n) Gold Market Myanmar (Facebook Page)

(o) Ye Mon

(p) Naing Lu

2. The Central Bank of Myanmar is working with law enforcement agencies to identify, arrest, and take action against such businesses, and further monitoring and action will be taken. The developments of the operation will be communicated to the public in real time.

3. Therefore, we further inform the public about exchanging foreign currencies only at licensed financial institutions to exchange foreign currencies.

4. We further inform the public that those who are illegally trading and speculating in foreign currencies on the above-mentioned Facebook pages and internet websites will be prosecuted under Sections 38 and 42 of the Foreign Exchange Management Law, as well as under sections of the Penal Code for harming the public interest.

The Central Bank of Myanmar

26 May 2024

#TheGlobalNewLightOfMyanmar