Following its decision to stop setting exchange rates for foreign currencies, Myanmar’s central bank (CBM) announced a reduction in the requirement for exporters to convert their earnings. Exporters now need to convert only 35% of their export earnings at the CBM’s reference rate of K2,100 per USD, down from the previous 65% and later 50% in July. This change comes amid reports of a growing fuel shortage in Myanmar, attributed to the regime’s dollar scarcity, with long queues for fuel observed.