In April, the central bank exempted foreign entities from the new policy after the rule had triggered an outcry among business groups and residents.
Under the latest rules, a list of Myanmar companies with up to 35% foreign ownership had been sent to foreign exchange dealers, who are required to convert currencies and submit the amount by 6 p.m. on Monday, the Global New Light of Myanmar reported, citing a central bank announcement.Myanmar has been in turmoil since the military staged a coup last year, arresting civilian leaders including Aung San Suu Kyi.
The Southeast Asian country's economy has also tanked since the coup, which halted a decade of political and economic reforms.Foreign chambers of commerce were also not immediately available for comment.
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