Myanmar central bank revokes licenses of 123 forex companies

YANGON, Sept. 20 (Xinhua) -- The Central Bank of Myanmar (CBM) has announced the revocation of licenses from 123 foreign currency exchange companies, local media reported.

This decision was made during a meeting of the central bank's executive committee on Tuesday, following the companies' failure to comply with the bank's rules and directives.

The move came after a similar action taken last month when th