Manipur Deputy Chief Minister Gaikhangam will attend a Regional Investment and Business Conclave to be held at Monywa in Sagaing Region of Myanmar on January 18-19.
The conclave, which will also discuss about the banking sector, is being jointly organised by Consulate General of India, Mandalay, Myanmar in association with the government of Sagaing Region and North East chapter of Indian Chamber of Commerce, Guwahati, officials informed today.
The Reserve Bank of India discontinued the Indo-Myanmar barter trade from December 1, 2015 to switch over completely to normal trade. Under this system trading is done without exchanging of money. The RBI took the decision following improvement in banking presence in the border. (Courtesy of Eastern Mirror)
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