It is known that the Military Council will ban most imports due to the shortage of US dollars due to economic sanctions, and will also greatly reduce the import of fuel and cooking oil. Due to the recent economic embargo on the banks, it is very difficult to get dollars in and out, and the military council is running out of dollars. Therefore, importers are already coerced to ensure that the US dollar is not in short supply. No more licenses. Dollars are also taken unfairly from the exporters.
It is known that the military council will implement a ban on all imports, and Myanmar will be allowed to import a total of around $18 billion worth of imports from abroad, counting essential imports below $9 billion, and will reduce the import of fuel and cooking oil by more than 50 percent.
Myanmar imports more than 2 billion US dollars in fuel oil per year, and the military council will only import about 1 billion dollars in fuel oil, so I think that fuel oil prices, which are currently stagnant, will rise soon.
