| 1. |
Foreign Exchange Certificates (FECs) are issued
by the Central Bank of Myanmar for the convenience of tourists
visiting Myanmar. |
| 2. |
Foreign Exchange Certificates (FECs) are issued in three dominations: |
| |
(1) FEC equivalent to US Dollar Ten;
(2) FEC equivalent to US Dollar Five;
(3) FEC equivalent to US Dollar One; |
| 3. |
The exchange rates of Foreign Exchange Certificates are as
follows: |
| |
| (1) |
US Dollar (one) Foreign Exchange Certificate
(one) unit |
| (2) |
Pound Sterling is to be changed at the daily cross rate
notified by the banks. |
| (3) |
The fractions of the Foreign Exchange Certificates calculated
at the daily cross rate will not be exchanged. |
|
| 4. |
Foreign Exchange Certificates can be exchanged at the Banks
and also at the State owned hotels and Myanmar Travels &
Tours Exchange Counters. |
| 5. |
Foreign Indepen dent
Traveler (FIT) holding Entry Visa Tourist (EVT) can change
on arrival a minimum of US $ 200 or other equivalent acceptable
currency with Foreign Exchange Certificates 200 units. This
is the minimum amount to be spent by a tourist during his
her stay in the country. Any unused Foreign Exchange Certificates
out of this amount will not be reconverted. If a tourist has
exchanged in excess of US $ 200, any unutilized balance of
the Foreign Exchange Certificates will be reconverted at the
time of departure on presentation of the "Foreign Exchange
Certificates Voucher" at the Exchange Counters. |
| 6. |
Payments by Foreign Exchange Certificates shall be deemed
to have been made in foreign exchange. |
| 7. |
These Foreign Exchange Certificates are acceptable by any
person in the Union of Myanmar. |
| 8. |
Foreign Exchange Certificates can only be used within the
Union of Myanmar. |