CNI News

4 November 2024

Myanmar citizens broad who transfer their salaries and wages to their families through the banks officially designated by the Central Bank of Myanmar would be allowed to import electric cars and electric motorcycles each year, announced the Central Bank of Myanmar.

If Myanmar citizens working abroad transfer their salaries and other income to their families in Myanmar through the banks officially designated by the Central Bank of Myanmar, as a special plan, (a) salary earners including seamen who transfer 200,000 dollars and above within one year are allowed to import an electric car that is equal to 5 percent of the money transferred each year.

While seeing dollar, migrant workers and electric car

(b) Apart from salary earners, those who earn other income - if they transferred 50,000 dollars and above, they would be allowed to import an electric car or a motorcycle that is equal to five percent of the money transferred each year, announced the Central Bank of Myanmar on 31st October.

As a Myanmar citizen who was abroad, if he could not import an electric car or motorcycle alone, he could in partnership with other people, said in the statement.

As Myanmar citizens who are abroad, if they transfer their wages and salaries to their families in Myanmar, remittance charge rates, list of remittance business license companies and licensed banks trading foreign currencies have been described on www.cbm.gov.mm.