The official exchange rate is 6 Kyats per dollar so you are lucky to have in FEC.
They said they followed Chinese style in FEC.
Foreign exchange certificate is lower than USD.
But it can also be higher than USD if the trade ministry gives out import permits.
The exchange prices fluctuate every hour in the market so it is difficult to audit company accounts.
The government used to take 10% on remittances so people prefer to use outside services mainly from Singapore.
All foreign firms change their dollars in black market.
The hotels are discriminatory to foreign visitors insisting that they pay in USD rate.
They all prefer 100$ notes if you change in the black market.
Any green back has to be new to have a good exchange rate.
All businesses are done in cash basis and people carry notes in big bags.
When and How will they be clean , fair and transparent?
in Politics and In Exchange rate?
Myanmar desperately needs Major Reforms!
If they want foreign investments and if they want to be a part of ASEAN.
Hope they know what reforms mean!
Hope they will get assistance and Help needed.