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12 May, 2008

US Restrictions on Remittances to Burma Union of Myanmar Eased

The United States Treasury Department is easing restrictions on personal remittances from US$300 per Burmese houshold in any three-month period to an unlimited amount and also easing restrictions on fund transfers for humanitarian and religious activity in Burma, Republic of Myanmar. Money transfers will not be permitted in any amount to or through persons blocked under a US sanctions program. General Licenses 14 and 15 are affected. Read the new rules from US Dept. of the Treasury

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