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Cash-Starved Junta Milks Myanmar Migrant Workers With New Remittance Rule

Myanmar’s cash-strapped regime is now demanding that expatriate workers remit at least 25 percent of their foreign currency income back home through the country’s banking system. CB Bank, one of the country’s largest private banks, recently told migrant workers they must remit a quarter of their salaries either monthly or every three months through official channels.

Migrant workers who do not comply will be barred from working overseas for three years after their current work permit expires, the announcement warns.

https://www.irrawaddy.com/news/burma/cash-starved-junta-milks-myanmar-migrant-workers-with-new-remit