1.       It is essential to receive the export incomes which is major route of foreign income to the country, it has stated that according to Section 38-b of the Foreign Exchange Management Law and Paragraph 35 of the Foreign Exchange Management Rule, as detailed in Notification 27/2023, exporters must deposit their export earnings into their domestic bank accounts in foreign exchange within specified periods, and for exports to Asian countries, the deposit must be made within 30 days of the export date, and for exports to other countries, within 60 days.

2.       Chapter 11 of FEML, Section 38-b states “Any person shall not fail to deposit all his export income in foreign exchange, during the stipulated period, in his bank account in the State”, and if a person violate that prohibition, he shall face imprisonment for a term not exceeding one year or a fine or both punishments must be imposed according to Section 42-a of FEML. Therefore, the exporters shall have to deposit their export earnings within the fixed period.

3.       To deposit the export earnings in foreign exchange in the banking accounts by the exporters who exported between 2016 and 2020, the Central Committee on Ensuring Smooth Flow of Trade and Goods, Ministry of Planning and Finance, Ministry of Investment and Foreign Economic Relations, Ministry of Commerce, Central Bank of Myanmar and AD licensed Banks jointly contacted them to clarify the data, and the licences of companies that failed to do so were revoked.

4.       According to analysis on 23 June 2025, a total of 197 companies failed to deposit their export earning though they exported between 2016 and 2020, and these companies and the boards of directors were blacklisted as they failed to follow the FEML, regulations and notification.

Central Bank of Myanmar

27 June 2025