Thailand currency

Myanmar government allows payment in local currency at Thailand-Myanmar border as Ministry of Health reports 1,819 new Covid-19 cases

YANGON, March 4 (Xinhua): Myanmar has allowed direct payment in Thai baht or Myanmar kyat for trade at the Thailand-Myanmar border, according to a statement released by Myanmar’s Central Bank on Friday.

The statement said that direct payment in baht or kyat will be allowed at the Thailand-Myanmar border to boost bilateral trade, facilitate the smooth flow of goods, facilitate access to cross-border payment between the two countries and promote the local currency in accordance with ASEAN (Association of Southeast Asian Nations) financial integration goals.

Traders doing cross-border trade at border crossings between Thailand and Myanmar will also be allowed to open baht accounts at designated banks, he added.

Myanmar trades with Thailand through seven border posts – Tachileik, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Sittwe, respectively. Among them, Myawady is the main border post, according to statistics from the Ministry of Commerce.

Myanmar reported 1,819 new Covid-19 infections with a daily positivity rate of 8.43% on Thursday evening (March 3), according to a Health Ministry statement.

The new infections took the total to 593,958, including 541,648 recoveries from the pandemic in the Southeast Asian country.

The death toll from the pandemic has risen to 19,379 and four more deaths have been reported in the past 24 hours, the ministry said.

Myanmar has so far tested more than 7.18 million samples for Covid-19. – Xinhua