The CBM asked government agencies to pay with only Myanmarkyat, saying the use of foreign currencies for domestic payments could lead tohigher demand for dollars and cause exchange rate instability.
The move came after it found out that some governmentagencies and organisations were using foreign currencies for local payments.
They were using and accepting foreign currencies in some oftheir activities including renting lands, capital investments for insurancebusiness and income from joint ventures, said Win Thaw, CBM deputy governor.
The notification has already been sent to all ministries,region and state governments and municipal committees of Nay Pyi Taw, Yangonand Mandalay cities, asking them to use only kyat for the purchase and sales ofgoods and services and payments in the country, the central bank said./.
VNA