The online groups, which run mainly on Facebook, have become a way for buyers and sellers of currencies to connect, often relying on trust when arranging physical exchanges of notes. In Myanmar, money traders are supposed to get a licence to operate. The online groups also tap into the flows of money remitted by overseas workers in neighbouring countries like Thailand. "We use Facebook as our platform for selling money," said the trader, who declined to be named. Another Thai-based trader described how US dollars were smuggled into Myanmar overland, sometimes hidden in clothes or household items.

Source: bd News24 October 01, 2021 07:07 UTC